FuYao Glass to file for listing in Hong Kong

Chinese safety glass manufacturer FuYao Glass Industry Group will issue Hong Kong-traded shares and file for listing in Hong Kong.

FuYao Glass Industry Group has announced that it intends to issue Hong Kong-traded shares and file for listing in Hong Kong.
With issuance expenses deducted, the resulting financing will be used to build auto glass and float glass production bases, marketing and service networks and international R&D and design platforms in Russia, the US, America, to replenish working capital and to repay bank loans.