Guangdong Golden Glass seeks foreign market listing

China“s Guangdong Golden Glass Technologies, a supplier of high-tech security glazing, is hoping to raise about USD 150 million from a foreign stock market listing, company chairman Zhuang Dajian was…

China“s Guangdong Golden Glass Technologies, a supplier of high-tech security glazing, is hoping to raise about USD 150 million from a foreign stock market listing, company chairman Zhuang Dajian was reported as saying. The China Securities Regulatory Commission has reportedly given approval for the listing and the firm will soon submit an application to the relevant overseas regulator. “We have not yet confirmed the detailed plan and structure for the overseas listing but we are considering a listing on Hong Kong“s Growth Enterprise Market, in Singapore or the United States,” Zhuang was quoted as saying. According to anonymous sources, First Shanghai Capital is working on the deal and is targeting a Hong Kong listing early in 2005. Proceeds from taking the company public would be used to increase the firm“s production capacity for security and anti-terrorism glazing products such as blast resistant glass and bullet-resistant glass, it was reported.