October 27, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) –  Funtalk China Holdings Ltd. (NASDAQ: FTLK) said that it plans to offer around seven million ordinary shares in a public offering. BofA Merrill Lynch (NYSE: BAC) and Jefferies & Co. (NYSE: JEF) will act as the joint bookrunners.

In connection with this offering, the underwriters will have an option to purchase up to an additional 1.05 million ordinary shares from the company.

Funtalk China plans to use the net proceeds from the offering to expand its retail network, including acquiring interests in other retail chains and establishment of new retail outlets.  

China-based Funtalk China Holdings is a retailer and distributor of wireless communications devices, accessories and content in China.

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