Jan. 19, 2007 (China Knowledge) – Hanwang Technology Co. Ltd is planning to raise about RMB 300 million by launching its IPO on the Shenzhen Stock Exchange (SZE).

The Chinese handwriting input software specialist and a partner of software giant Microsoft <MSFT> in the Mainland has hired at least two securities firms to work on the IPO, according to a Reuters report citing unidentified sources.

Hanwang initially planned to launch its shares on the Nasdaq in 2004 but changed plans as some shareholders including the Chinese Academy of Sciences (CAS), a top government think-tank, opposed to the move.

Hanwang was founded in 1993 by scholar-turned entrepreneur Liu Yingjian, who is the biggest shareholder in the firm with a 30% stake.