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The company is extremely bullish on the Chinese market and will launch tailor-made and high-quality homes, products that conform with the usage patterns of Chinese consumers, said Peng.

The company said that the construction, with a total investment of 3.56 billion yuan (8 million), will be completed in May 2020.

The company's gains in the region came from growing sales and market share in China, especially of its SUVs and Lincoln luxury models. The automaker said it expected profits to continue to grow in the region this year.

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The company posted a strong third-quarter report in late July, with quarterly revenue of .7 billion, up by 11 percent year on year, while Apple's net sales in the Great China region increased to .329 billion from .157 billion a year ago.

The company will also improve the passenger travel experience by providing services, including air conditioning in stations and on trains, online meal ordering and check-in procedures using facial recognition technology.

The company is exploring opportunities in fields ranging from car hailing and satellite launches as part of its efforts to seek an advantage in terms of mobility and autonomous driving.

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The company realized 123 million yuan (.16 million) in sales in 2019, also selling its innovative products to more than 40 countries and regions.

The company's 182 pence-per-share offer on Friday, a 42 percent premium on the closing share price, is little more than a quarter of Imagination's 2012 price peak of 712.5 pence, which valued it at close to 2 billion pounds, according to the report.

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The company specializes in designing and manufacturing small home appliances such as electric kettles, blenders, toasters and coffee makers. Over 95 percent of its revenue comes from buyers from more than 100 countries and regions across the globe, including Europe, Australia and the US.

The company reported 17.57 billion yuan (.5 billion) in revenue in 2017, up 80 percent from a year earlier, and about 80 percent of the revenue came from the overseas market.