The company went public in Hong Kong in late 2014. Its board approved its mainland IPO plan in February 2018, followed by approval from the Chinese regulators in July.
The company's scallion business helped lift some local farmers out of poverty and increased their income. Local farmer Liu Kai said he earned up to 170,000 yuan in profit last year from planting scallions, much higher than the past when the whole family could only earn about 50,000 yuan in profit.
The company's sales network is taking shape. An said the automaker has received more than 1,000 applications from investors who would like to sell its cars and more than 100 dealerships are expected to open within the year.
The company initially filed for US listing on Sept 30. Under the ticker symbol DAO, the Hangzhou-based company plans go public on the New York Stock Exchange.
The company's success with raising funds at lower costs came as China has adopted a mix of measures to prop up credit support for the real sector of the economy, especially for small and medium-sized firms.
The company spent 6.46 billion yuan on general and administrative expenses, a significant increase on 2017's 133.2 million, primarily due to increased staff numbers and share-based compensation packages.
武汉seo优化排名
The company's honest move won not only a letter of thanks from its American business partners but also brought it more orders.
The company recently opened its first official flagship store in Beijing as part of its wider efforts to tap into the local market, marking a significant move into the high-end mass consumer market.
The company plans to list on the Nasdaq under the symbol "OCG," by offering 5.065 million shares at apiece, according to its latest prospectus filed Friday with the US Securities and Exchange Commission.
The company's involvement in the 2022 Games is consistent with its ambition. Anta wants to be a big force in the winter sports industry, a market valued at 30 billion yuan (.55 billion), and expected to reach 150 billion yuan by 2022.