News

GRG International Limited has successful IPO in Australia

November 3, 2010

GRG International Limited (GRGI) will use funds raised following its successful initial public offering to expand GRG Banking Equipment Limited's market share in North America and Australia.

Established in 2008, GRGI is a joint venture of GRG Banking Equipment (HK) Co., Limited, Global Cash Services Pty. Ltd. and two other shareholders. GRG Banking Equipment, which is based in Guangzhou, China, is the country's largest ATM manufacturer.

GRGI also will spend the funds promoting EcoCash, an independent ATM deployer, based in Australia.

GRGI's IPO occurred Oct. 14 on the Australia Securities Exchange in Sydney.