CONTRAD International, a trader in hand-held transceivers, plans to raise about $80 million to fund its expansion in China. The company is expected to launch its public share offer next week. The issue is sponsored by Anglo-Chinese Corporate Finance. Chairman and chief executive Edward Sung Oi-kwan said the group was spending $20 million to build a new 4,600 square metre plant in the Fengtai district of Beijing. The plant would employ technical support from Marantz of Japan and it would start operation in early 1995, with a production capacity of more than 100,000 transceiver units, he said. Contrad, established in 1984, specialises in trading transceivers and accessories in China. Mr Sung said Contrad would focus its business expansion on China, but would also build up other developing markets including the Commonwealth of Independent States and Vietnam. The group's customers in China included mostly government and related companies, he said. He expected to see rising demand for its products which could be used for two-way communications by taxi operators, airports, and construction firms. Mr Sung said Contrad would sell a package of radio trunking systems in China, which could be used for group communications. He said the company had a 40 to 50 per cent share of the transceiver market in China, with more than one million of its transceivers in use. Its clients include police, the armed forces, the posts and telecommunications bureau and the railway ministry. Contrad now has nine service centres and offices in Shijiazhuang, Jinan, Nanjing, Chengdu and Shenyang. Mr Sung said it planned to open 11 more service centres this year in cities including Shanghai, Zhengzhou, Dalian, Xian, Hangzhou, Harbin and Guiyang. Contrad has a 60 per cent stake in a joint venture in Beijing in partnership with Beijing Hua Xun Communications and Technology Corp and Beijing Fengtai District Huaxiang Industrial Group Corp. Besides transceivers, the company manufactures accessories and battery packs. For the year ended March 31 last year, the group's turnover was in the region of $400 million to $500 million.