FuYao Glass Industry Group announces that it plans to issue Hong Kong-traded shares and file for listing in Hong Kong.
With issuance expenses deducted, financing will be used to build auto glass and float glass production bases, marketing and service networkd and international R&D and design platforms in Russia, the US, America, to replenish working capital and to repay bank loans.
Source:
http://www.sinocast.com/readbeatarticle.do?id=99927
