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The company, previously known as Hui Commercial EPZ, made the announcement on Monday in its plant at the Export Processing Zone, Athi River, about 30 kilometers from downtown Nairobi.

The company will also further improve the transmission ability of its power grid by putting more ultra-high-voltage direct current lines into operation and upgrading the capacity of existing lines.

The company's stocks dropped 4 percent in Shanghai on Friday morning on the heel of the news, while its shares in Hong Kong suspended trading.

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The company, headquartered in Jinan, formed a partnership with Toronto-based Barrick Gold Corp in operating Veladero — the largest gold mine in Argentina, in 2017— followed by an IPO on the Hong Kong Stock Exchange in 2018.

The components of the furniture he makes are solidly connected with mortise and tenon joints, a construction method that dates back to 7,000 years ago. The process is time-consuming but the furniture is extremely solid.

The company provides workspace solutions and community settings, according to Christian Lee, managing director of WeWork Asia.

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The company said all its trains will be put into operation during this year's Spring Festival. The average daily passenger volume exceeded 180,000 so far this year, up from 175,000 last year.

The company projects its net revenue will increase to between 7.21 billion yuan and 7.63 billion yuan in the third quarter, but it said the forecast is subject to "substantial uncertainty".

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The company's goal, according to projections obtained by the Wall Street Journal, is to have subscribed over 40 million customers by 2025, which would amount to nearly billionin total revenue.

The company said on Friday it intends to sell 85 million shares American depositary share (ADS), each representing two class A ordinary share, priced between and per share.