The company is the leader in the global civil helicopter market, with 47 percent of the market share.
The competition among securities firms in terms of the underwriting and sponsoring business has thus intensified. Beijing-based China International Capital Corp has so far been responsible for the sponsoring and underwriting of 14 STAR Market-listed companies, outperforming all its peers. China Securities and CITIC Securities followed, handling 11 and nine STAR Market-listed companies' sponsorships and underwriting, respectively.
The company will also provide free "one-on-one" VIP services for 10 years to the customer, and pay all bills to celebrate Wang's birthday according to the lunar calendar, the report said.
The company logo of China National Chemical Corp, or ChemChina, is seen at its headquarters in Beijing, Feb 3, 2017. [Photo/Agencies]
The company will be wholly controlled by Ant Financial and led by Hu Xiaoming, CEO of Ant.
The company received the regulatory go-ahead for the planned IPO on March 8. The company submitted its draft prospectus on Feb 1. Eight days later, the CSRC sent its feedback on the prospectus and on Feb 11 the company submitted a revised version.
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The company inked a cooperation deal with Medlinker, an online healthcare startup, which works with more than 500,000 doctors and Shenzhen-based BGI, China's top gene-sequencing provider, as well as Senyint and Yuwell in remote diagnosis and intelligent hardware related to healthcare.
The company's decision follows the series of sudden collapses of bicycle sharing companies recently due to the panic withdrawal of deposits. Beijing-based Coolqi saw a flurry of panic deposit withdrawals in September and was subsequently brought over by Chengdu-based Baike Technology.
The company’s future plans include products for Google Android and Apple iOS mobile platforms.
The company was started by Maximilian Bittner, who became chief executive officer, in 2012. But it is now pivotal to expanding Alibaba's retailer's foray abroad.