The company behind Tecno, Infinix and itel, known as Transsion Holdings are planning on trading publicly soon. They will be trading publicly on the Shenzhen Stock Exchange (SSE) if everything goes accordingly. This, however,is according to Bloomberg, the international site claims the company plans to do this in a very sneaky way.
According to the business-focused site, the group might be doing an asset and share-swap deal. Transsion Holdings wants to transfer a controlling stake to the Shimge Pump Industry Group Co. All this just to gain Shimge’s stock listing on the Shenzhen Stock Exchange (SSE).
Transsion Holdings has come a long way obviously, founded by George Zhu Zhaojiang in 2006. The group has been dominating over 60 emerging markets in Africa, the Middle East, South-east Asia and Latin America. The group now controls more than 40% of the mobile industry in Sub-Saharan Africa. That’s not all, they have sold over 200 million smartphones already.
If Bloomberg is right about Transsion Holdings going public soon. Then they will be joining the likes of Huawei and Lenovo to become one of the few publicly traded Chinese smartphone manufacturers.