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Kyland goes public on ChiNext

  • Date:2012-12-13
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Beijing, China, Dec 13, 2012

Kyland is embracing one of its most important milestones by going public on ChiNext (China’s NASDAQ-style exchange) on Sept 27, 2012. The stock symbol is Kyland Technology, and the stock code is 300353. Kyland plans to use the raised funds (approximately 280 million RMB or 44 million US$)  for enlarging Kyland R&D center, along with SICOM industrial Ethernet switches manufacturing lines, global sales, marketing and service networks.
 
Focusing on industrial communication, Kyland is continuing to move towards the common goal of "Promoting industrial modernization with information technology", and to extend industrial communication to every corner of the world’s industrial information technology. With Kyland being a technology driven and fast growing high-tech company, the successful IPO enables Kyland a new impetus for further rapid development.