China's Lens Technology to raise up to $608 million via Hong Kong listing
China's Lens Technology Co aims to raise up to HK$4.77 billion ($608 million) listing its shares in Hong Kong, a regulatory filing showed on Monday. The company, which makes glass and metal products used in smartphones and watches, will issue 262.3 million H-shares with a maximum offer price of HK$18.18 per share, it said in the filing to the Hong Kong exchange.
Its filing adds to a rebound this year in Hong Kong equity offerings as mainland
Chinese firms
are increasingly seeking second listings to help fund their global expansion plans.
Fast-fashion retailer Shein plans to file possibly this week a draft prospectus for a
Hong Kong listing
, Reuters reported.
Chinese battery giant CATL raised $4.6 billion in its Hong Kong listing in May, which was the world's largest so far this year.
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Gold Edges Higher on US Rate-Cut Bets and Dollar Weakness
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India Today
an hour ago
- India Today
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