Apple supplier Lens Tech opens 4% up on first Hong Kong trading day
Chinese company raises $608mn to fund overseas expansion amid US tariff pressure
Lens Technology and Beijing Geekplus were among a number of companies that listed in Hong Kong on July 9. (Photo by Peggy Ye)
PEGGY YE
HONG KONG -- Apple supplier Lens Technology announced it has raised 4.77 billion Hong Kong dollars ($608 million) in a share listing in Hong Kong, as the Chinese company looks to expand overseas and reduce its exposure to U.S.-China trade tensions.
Shares in the company, which makes iPhone cover glass and metal casings, opened 4% above its offer price of HK$18.18. That represents a 27% discount compared to its closing price on the Shenzhen Stock Exchange the previous day.
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Asahi Shimbun
12 hours ago
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