ReTech to IPO in Australia
By Xinhua | China Daily | Updated: 2017-02-07 07:25
Chinese educational-technology firm ReTech is looking to debut on the Australian Securities Exchange index, with an initial public offering set for March.
Seeking A$22.5 million ($17.2 million), the funds raised through the listing would represent 20 percent of the group's A$112 million market value.
The Shanghai-based company digitizes training material for organizations across China and has contracts with State-owned groups like Ping An Insurance and the Bank of China.
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