Press release
Invengo - The First RFID Company Going Public in China
Aug 21, ShenZhen Stock Exchange listed the common stock of Invengo Information Technology Co., Ltd, a leading company in Chinese RFID market, under the ticker symbol Invengo (002161). Invengo expected to issue 16.1 million shares at a conversion rate of 13.3 yuan per share. All these issued stocks were valued over 2140 million youn and accounted for nearly 25% of company shares after going public.The capital raised in this initial public offering will be used to invest in three RFID projects: Design and Industrialization of RFID Tags, Industrialization of RFID Applications in China Railway and other related RFID applications.
Founded in 1993, with the grand RFID projects in China Railway, Invengo Information Technology Co., Ltd is the very first exploiter and dominant leader in Chinese RFID market. The company focus on UHF RFID products which mainly used in railway industry, and has over 50% shares of chinese railway market.
The price of per share rose rapidly since Aug 21 and closed at 56 youn per share by Aug 31, the market value of Invengo reached 3.6 billion youn.
It was an exciting prospect for the entire industry in China, it expected to raise the industry's profile.
SusanZheng
Marketing Representative
TEL: +86 0755 26310609
Fax: +86 0755 26690537
Email:rfidglobal.org@gmail.com
http://www.rfidglobal.org
http://www.rfidglobal.org
RFIDGlobal.org is an internationally oriented online platform for RFID companies and end users, based in ShenZhen, China. RFIDGlobal will play a valuable role in emerging RFID industry.
We believe RFID technology will revolutionize the way companies around the world do business. With this belief, we commit to provide RFID vendors, system integrators a comprehensive online platform to exhibit their products and solutions globally. It also enables companies in other industries to easily understand how RFID can boost their business, help them align technology with business objectives.
Our mission is to built an international RFID network to accelerate the widespread adoption of RFID technology
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