Digitel Prepares for IPO on Hong Kong's GEM

Now that the dust is settling after the global fall-out in technology shares, some companies are coming back to the public markets. Digitel is one of them.

Digitel Group, an applications service provider, plans to raise up to HK$110 million ($14.1 million) in an intital public offering on Hong Kong's Growth Enterprise Market. The funds will be used to research and develop web-based applications and software, enhance the group's internet infrastructure, invest in potential partners and create a representative office and research facility in Guangzhou.

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