TAIPEI – PCB maker Chunghong Holdings will seeks to raise nearly $7 million through a primary listing on the Taiwan Stock Exchange.

The company, which is based in Suzhou and has a half-dozen PCB and EMS assembly sites in China and Poland, will issue some 7.61 million new shares. The listing plan is expected to be completed in the first quarter of 2011.

A majority of funds raised reportedly will be used to add three SMT lines. The company currently has 55 SMT lines worldwide.

Separately, Chunghong said it expects to top its 2009 net income of $3.5 million.