Invengo - The First
RFID Company Going Public in China
Source:Invengo Information Technology Co., Ltd.
Aug 21 2007, the common stock of Invengo Information Technology
Co., Ltd. is listed in Shenzhen Stock Exchange(China) under the ticker
symbol Invengo (002161). This represents Invengo¨s finally successful
wrap-up of its continual effort in going public.
By far, Invengo is the first and only RFID public company in China.
With this IPO(Initial Public Offering), Invengo has successfully issued
16.1 million shares at a conversion rate of 13.3 yuan(US$1.77) per
share. All these issued stocks were valued over 214 million yuan(US$18.5
million) and accounted for 25.08% of company shares after going public.
Invengo is the leading RFID company in China, particularly in UHF
area, and is growing into a global RFID solution provider. The capital
raised in this IPO will be invested in three RFID projects: Design
and mass production of RFID Tags/label, R&D and manufacturing
of RFID reader( for markets of transportation, tobacco, logistics,
etc), Industrialization of RFID Applications in Railway and related.
