Chinese domain name company announces IPO.
eName has announced its plans to go public, following the merger/acquisition of 4.cn earlier this year.
The company had 2015 revenue of 260 million(CNY) ($40 million USD) and net income is 27.9 million(CNY) ($4.3 million).
That compares to 2014 revenue of 168 million(CNY) ($26 million USD) and net income of 11.9 million(CNY) ($1.8 million USD).
Chairman Dejing “Meatball” Kong owns 68.8% of the shares.
The company will trade on a secondary, smaller market similar to the London AIM (where Centralnic and MMX are traded).
(Hat tip: Simon Cousins with Allegravita)
Sorry but Ename is NOT listed in a Chinese secondary stock market…. The system is called ‘National Company Share Transfer System’ and it is only a sysmatic OTC platform.
Company got listed on this platform doesn’t need to prove anything on Cashflow\Market Cap\Asset…
Wouldn’t touch it with a 10 foot chop stick.
Now eName can harbor an entirely new class of criminals.
I happen to know them very well and they are really excellent in China.
DejingKong.com