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A senior Aliregan (AGN.N) executive told Reuters on Friday that it is aggressively pursuing its business in China and plans to employ 200 more in China this year and will look for potential mergers and acquisitions.

Marc Princen, Alec's executive vice president for international operations, said at the IMCAS World Congress in Paris that the company plans to have annual revenues of about 500 million U.S. dollars by 2022 in China.

He said the company's revenue last year was about 180 million U.S. dollars.

"Currently, 80% of the company's revenue comes from the U.S. market and 20% from overseas markets, and we will increase the latter's proportion to 30% in the next five years," Princen said in an interview.

"The focus of the business is on the high potential markets that must be captured, such as China, where we have 300 more people to employ in 2017, a 60% increase in revenue and another 200 more this year," he said.

 
Princen said his team believes there are 12 key markets in addition to the United States, including China, Brazil, Russia, and European countries such as France, Italy, Germany and Spain.

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