Beijing May 24, according to the media reports, the Chinese digital cinema equipment manufacturer GDC Technology Ltd has submitted the listing application to the American Stock Exchange NASDAQ, the maximum offering size is $ 75 million. GDC Technology’s investors include The Carlyle Group.
GDC Technology claimed that its net profit in 2002 of amounted 27.7 million, an increase of 22% over the previous year.
Impacted by a series of accounting scandals among the Chinese firms publicly listed in the US, GDC Technology Ltd’s application is only the second application of the Chinese companies in 2013 following internet retailer LightInTheBox’s application in April.
Source: Tencent Tech