Jarlway eyes London Stock Exchange listing

Chinese concrete pump manufacturer Jarlway Machinery is applying for a listing on the London Stock Exchange. Jarlway Holdings has published a document for admission to the Alternative Investment Market, which will see the company issue more than four million shares (17.1% of the share capital) priced at 30p each.
The company plans to use the capital to increase its 8% share of the Chinese market, taking it into second position. The group also plans to increase its customer base by supplying to overseas markets.
Jarlway manufactures pumps ranging from 60m3/hr to 140m3/hr, which are capable of delivering concrete to a height of between 270m and 350m and 1,300m to 1,600m horizontally.