The company made 500 million pounds from worldwide sales of vaping products last year and estimates that figure will reach 5 billion pounds in the next four years.
The company will invest a total of 45 billion yuan (.4 billion) by 2021 in electric vehicles, said its chairman Xu Jiayin, also known as Hui Ka-yan, on Tuesday at a conference in Guangzhou, Guangdong province.
The company planned to issue 9.3 million shares of ADS and raise 8.8 million, according to the company's prospectus.
The company said earlier it would increase energy supplies to economies related to the Belt and Road Initiative with further investment in countries and regions participating in the initiative.
The company said today consumers prefer to manage their life through apps, and apps are increasingly becoming a must-have for many businesses and industries.
The company's latest move is expected to attract air travelers from home and abroad, a high-end group of consumers that have met Starbucks Reserve Store's range and market positions, said Zhu Danpeng, an independent food and beverage analyst.
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The company says it is centered on the futuristic operating system, the brain of an intelligent car.
The company plans to take advantage of Tibet's unique environment and resources to create pure and healthy dairy products to serve local consumers and also cover South Asian markets such as Nepal and India.
The company, one of the three biggest oil and gas companies in China as well as a leading supplier of medical raw materials, earlier responded by turning itself into a leading company for meltblown nonwoven fabric, the essential raw material for medical masks, in a bid to fill the demand gap.
The company said the mixed-ownership reform proposal was approved by the country's top economic regulator, the National Development and Reform Commission, and the share issue proposal has been approved by the board of China Unicom's listed company.