Accelink goes to IPO

http://www.csrc.gov.cn/n575458/n776436/n804920/n2466277/10731236.html

for their IPO information, pl, visit this link, but there is only Chinese version.

8/5/2008， One of the largest optical component company in China, Accelink(Wuhan)’s IPO was approved by CSRC(China Securities Regulatory Commission). They can go public in Shenzhen small and middle sized stock market as early as this September. Accelink is the first company who successfully goes public this year in Hubei Province. In all component industry in China. Accelink is the first independent company who goes public.
According to Accelink, they are the No. 11 biggest optical component manufactures around the world, whose revenue last year was about 487million RMB. Their main products are optical amplifiers, fiber connectors and WDM components.
Accelink’s products have been purchased by Fiberhome, Huawei and ZTE. They also sell their products in US market through themselves and some distributors. They also have some big OEM partner in US.
Wuhan Research Institute is the largest shareholder of Accelink. Zhongtian, a fiber cable public manufacture in China is the second largest shareholder of them.
Accelink will initiate 40million shares this time. We predict they can get 200 to 300 million RMB through the IPO. How will they use this money? Accelink didn’t give the answer. But It is very possible that they try to merge with their brother company WTD using this money. WTD is a transceiver company with nearly 28 years history. Corning once was WTD’s shareholder, but later they sold all their shares back to Wuhan Research Institute. The gossip about the merge of two component companies under Wuhan Research Institute has been spread for many years. We can’t see any obstacles for this merge after the IPO. After the merge, they will be certainly the largest optical component company in China. And they really have the ability to enter the top 10 fiber optics company around the world.