Following on from clothing retailer Fairy Fox’s announcement last week that it is to join AIM, Kada Technology, which provides components and electronic devices, could list as soon as this week.
According to a statement, market capitalisation is expected to be in the region of £100 million, with finnCap listed as its nominated adviser and broker.
Kada Technology was founded in 2004 and provides electronic devices, systems and media platforms. The business also plays a part in distribution.
At present the company is headquartered in Shenzhen, China, and also has offices in Hong Kong, Beijing, Shanghai, Kuala Lumpur and Malaysia.
The firm’s Solutions Business involves the design, development and sale of service packages for devices such as netbooks and handheld/tablet PCs.
For the year to date 31 December 2011 Kada declared audited revenue of $82 million (£52.3 million) and profit before tax of $13 million.
He Xeubo, CEO of Kada Technology, comments, ‘The board is delighted to join AIM which marks a significant step for Kada Technology, enabling us to capitalise on the considerable opportunities that exist in our key markets.
‘In particular, the board has identified a significant opportunity for growth in the media platform business and expects this to assist in the [company’s] future growth. The market for Kada Technology’s products and services is growing at a considerable rate domestically, and the [business] has innovative technology coupled with a well established business to capitalise on this growth.’