Four Dimension-Johnson Industry aims for '20-30 billion yuan increase' in turnover

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The chairman of Four Dimension-Johnson Industry has said the company aims to increase annual sales to between 20-30 billion yuan over the next three to five years, it has been reported.

According to Reuters, Wang Yan also said the company intends to apply for regulatory approval to go public some time soon - a move which could raise between 300-400 million yuan on the Shenzen Stock Exchange.

Wang also said the company will expand into other markets.

The fundraising announcement comes after M&A activity last year when Four Dimension acquired British firm Johnson Securities.

Four Dimension has hired Essence Securities as its main underwriter, the news provider reports. The firm has also completed all the preparatory work for the initial public offering.

Zhou Ming, deputy general manager of the Shenzen Stock Exchange, recently hosted a symposium of intermediary institutions on the administrative measures for IPOs and listings on the growth enterprise market.