Andranik Hakobyan
Hong Kong-based ICT options supplier World Engine Group (GLE) has filed to lift $17M by a US preliminary public providing.
World Engine didn’t specify the quantity or pricing of the shares in its submitting. It added that it hopes to record the shares on Nasdaq below the image GLE. Univest Securities is serving as lead bookrunner.
Incorporate within the British Virgin Islands, World Engine operates by subsidiaries in Hong Kong. The corporate offers cloud and knowledge heart administration companies together with consulting companies for telecommunications operators. World Engine plans to increase its operations past Hong Kong and into Southeast Asia.
For the six months ended Dec. 31, 2021, World Engine reported internet revenue of $858Okay on income of $4.7M.
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