Feb. 23, 2007 (China Knowledge) – Ta Yang Group, a maker of mobile phone parts, plans to raise at least HK$1 billion from an IPO on the Hong Kong Stock Exchange.

Proceeds will be used to upgrade its production capacity in China, according to a source cited by the South China Morning Post, adding that the IPO application is expected to be filed to the exchange by this month. Cazenove Asia Ltd. is arranging the sale

Established in 1991, Ta Yang originally planned to raise about US$100 million at the end of last year.