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Panda in moves to list in HK

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THE Nanjing municipal government is seeking approval from Beijing to list the city's Panda Electronics Group in Hongkong.

Nanjing's deputy secretary-general Yan Xinwei said an application had been submitted to the Securities Commission.

Mr Yan said Panda Electronics also possibly would seek listing on mainland markets. Listing preparation, including asset valuations, have been started.

He said the 50-year-old Panda Electronics was one of the biggest electronics firms in China, employing more than 8,000 workers.

The company's main products include television sets, video and audio equipment, and telecommunications devices.

Mr Yan said Panda Electronics was developing its telecommunications division, particularly mobile telecommunications products.

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