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…

Leave a Reply

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!