Shenzhen-based television maker
Konka Group Co. is considering listing shares overseas to boost the popularity
of its brand, a company executive said.
"It's possible (the company will list abroad) within one year. It's possible
within three years," said Yang Guohe, president of Konka's international
business division, on Tuesday.
Increasing the brand's popularity is more important than raising funds as a
reason for a possible overseas listing, Yang said.
Yang said the location of the possible listing hasn't been decided. He
declined to say how much Konka aims to raise from such a share offering.
Konka already lists yuan-denominated A shares and Hong Kong
dollar-denominated B shares in Shenzhen.
In the first nine months of 2005, the Shenzhen-based company, which also
makes mobile phones, posted a net profit of 34.9 million yuan (US$4.31 million)
on core revenue of 8.01 billion yuan, according to Chinese accounting standards.
Konka hasn't yet released its full-year 2005 financial report.
Konka's A shares were 0.92 percent up to close at 3.3 yuan yesterday, while
the firm's B shares rose 0.38 percent at HK$2.66.
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