China-based rail system applications provider Beijing Century Real Technology has revealed plans to issue up to 35 million shares on the Shenzhen Stock Exchange on 13 December.
The enlarged share capital will be up to 135 million shares and the company will issue 6.93 million shares via offline placement, accounting for 19.8% of the total issuance.
Proceeds will be mainly used to invest in six projects, including an integrated video monitoring system, a platform for railway integrated monitoring system and the construction of a research and development centre, according to chinaknowledge.com.
