Futong Technology IPO

Futong Technology IPO

Postby winston » Mon Nov 09, 2009 8:27 am

Futong Technology Development, one of the top three distributors of IBM servers and software in China, is looking to tap the market next month for HK$100 million, sources said.

"Sales in the financial sector contributed over 30 percent of revenue in 2008; telecoms accounted for 10 percent," Futong chairman Chen Jian said in Beijing. The firm posted revenue of HK$2.55 billion last year, up 26.2 percent from 2007.


Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Futong Technology IPO

Postby winston » Mon Nov 23, 2009 7:48 am

Futong Technology Development also starts its roadshow today and will open its retail book tomorrow to reap around HK$100 million.

The IBM server supplier is set to list in early December and Tai Fook Capital is the sole sponsor for the deal.

Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Futong Technology IPO

Postby winston » Thu Nov 26, 2009 11:05 am

It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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