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Rainbow Group To List In Hong Kong
CICC, China International Capital Corporation, Hisense, Konka, Rainbow Group, Skyworth, TCL
Editorial Summary
China's largest color TV picture tube manufacturer Rainbow Group will list in Hong Kong by the end of 2004, reports Shanghai Youth Daily. Rainbow Group plans to raise US$100 million from the IPO. Rainbow Group's underwriter is China International Capital Corporation (CICC). Rainbow Group is expected to have net profit of 380 million Yuan in 2004. Rainbow Group has 20 percent of the picture tube market share in China; its clients include Konka, TCL, Skyworth and Hisense.
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