Top smartphone supplier in Africa plans backdoor listing in China


A little-known Chinese company that dominates the African smartphone market is preparing for a backdoor listing that will make it one of the biggest publicly traded mobile phone makers in the world’s second-largest economy.
Shenzhen Transsion Holdings Co, which accounts for nearly 30 per cent of the African smartphone market, plans to transfer a controlling stake to Shenzhen-listed Shimge Pump Industry Group Co via an asset and share-swap deal, according to a stock exchange filing on…

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