Aigo seeks to float shares in Shenzhen
By Zhu Shenshen |
April 16, 2010, Friday
|
Print Edition
Print Edition
AIGO Electronics Technology Co, which manufactures IT storage products and plans to launch iPad-like mobile products under the "Aigo Pad" brand, will float shares in Shenzhen in 2012, the Beijing-based consumer electronics vendor said yesterday.
Aigo, a subsidiary of Beijing Huaqi Information Digital Technology Co, is expected to generate a revenue of 3 billion yuan (US$441 million), double the forecast revenue in 2010, Huang Huihua, Aigo's vice president of sales, told Shanghai Daily yesterday. In the longer term, Aigo's annual revenue will hit 5 billion yuan around 2015, he said.
"We will boost our revenue through product portfolio expansion and innovation, from portable storage disk, voice recorder to tablet PC," Huang said.
Aigo plans to launch a mobile entertainment and information device called "Aigo Pad" next month, almost similar to Apple's iPad which debuted in the United States two weeks ago. The first Aigo device will feature a 5-inch screen and bigger-sized devices will be launched later, Huang added.
"The device between a laptop and a mobile phone is becoming the trend and we have noticed the huge demand and opportunities," said Ian Yang, Intel China's general manager.
Hanwang Technology Co, an e-book vendor, will also launch a tablet PC which will use Intel's special chips.
Aigo chose Shenzhen to list because it wanted to "issue an IPO on the Growth Enterprise Market," said Huang, adding that the Huaqi's handset business would not be injected into the listed firm.
High-tech firms listed on the China's Nasdaq-styled board, ChiNext, received a warm market response in the first quarter this year.
Aigo, a subsidiary of Beijing Huaqi Information Digital Technology Co, is expected to generate a revenue of 3 billion yuan (US$441 million), double the forecast revenue in 2010, Huang Huihua, Aigo's vice president of sales, told Shanghai Daily yesterday. In the longer term, Aigo's annual revenue will hit 5 billion yuan around 2015, he said.
"We will boost our revenue through product portfolio expansion and innovation, from portable storage disk, voice recorder to tablet PC," Huang said.
Aigo plans to launch a mobile entertainment and information device called "Aigo Pad" next month, almost similar to Apple's iPad which debuted in the United States two weeks ago. The first Aigo device will feature a 5-inch screen and bigger-sized devices will be launched later, Huang added.
"The device between a laptop and a mobile phone is becoming the trend and we have noticed the huge demand and opportunities," said Ian Yang, Intel China's general manager.
Hanwang Technology Co, an e-book vendor, will also launch a tablet PC which will use Intel's special chips.
Aigo chose Shenzhen to list because it wanted to "issue an IPO on the Growth Enterprise Market," said Huang, adding that the Huaqi's handset business would not be injected into the listed firm.
High-tech firms listed on the China's Nasdaq-styled board, ChiNext, received a warm market response in the first quarter this year.
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