Latest news with #AppleSupplier
Yahoo
09-07-2025
- Business
- Yahoo
Apple supplier Lens Tech said to price US$607 mil Hong Kong listing at top of range
The company, which makes mobile-phone-glass covers and other components for consumer electronics, joins the growing wave of China-listed companies seeking to go public in Hong Kong. Apple supplier Lens Technology Co. has raised HK$4.8 billion ($781 million) after pricing its Hong Kong listing at the top of the marketed range, according to people familiar with the matter. The Shenzhen-listed company has sold 262.3 million shares at HK$18.18 each, the people said, asking not to be identified because the information isn't public. Lens Technology had offered the shares at HK$17.38 to HK$18.18 apiece. The HK$18.18 price reflects a discount of 30% to Lens Technology's closing price of 23.74 yuan on Friday. A representative for Lens Technology declined to comment. The company, which makes mobile-phone-glass covers and other components for consumer electronics, joins the growing wave of China-listed companies seeking to go public in Hong Kong. Lens Technology expects the shares to start trading in the city on Wednesday. Proceeds from the sale will be used to expand the company's product and service portfolio, broaden its overseas presence and production capacity, as well as for work on smart-manufacturing projects such as automated industrial systems, according to a prospectus for the listing. Citic Securities Co. is the sole sponsor for Lens Technology's listing. See Also: Click here to stay updated with the Latest Business & Investment News in Singapore How Xiaomi succeeded where Apple failed Hong Kong to reclaim top spot in global IPOs: PwC Gold miner Shanjin Int'l said to pick banks for Hong Kong listing Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click hereError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
02-07-2025
- Business
- Bloomberg
AirPod Maker Luxshare Is Said to Pick Banks for HK Listing
Luxshare Precision Industry Co. is working with China International Capital Corp., Citic Securities Co. and Goldman Sachs Group Inc. on its planned Hong Kong listing, according to people familiar with the matter. The Shenzhen-listed Apple Inc. supplier is aiming to raise more than $1 billion in a share sale that could take place as soon as this year, the people said, asking not to be identified because the information isn't public.
Bloomberg
29-06-2025
- Business
- Bloomberg
Apple Supplier Lens Tech Seeks Up to $606 Million in HK Listing
Lens Technology Co., a supplier to Apple Inc., is seeking to raise as much as HK$4.8 billion ($606 million) in a Hong Kong listing, the latest Chinese company to seek a second trading foothold in the financial hub. The Shenzhen-listed company is selling 262 million shares at HK$17.38 to HK$18.18 each, according to a stock exchange filing on Monday. That represents a discount of as much as 28% to its last close in Shenzhen of 22.06 yuan. Lens Technology expects the shares to start trading in Hong Kong on July 9.
CNA
15-05-2025
- Automotive
- CNA
Japan's TDK accelerates launch of next-generation battery
TOKYO :Electronic components manufacturer TDK Corp is accelerating the launch of its next-generation silicon anode batteries, with preparations running ahead of schedule and demand from smartphone makers. Apple-supplier TDK was due to start shipping the third generation of its batteries this summer but will begin "very soon," CEO Noboru Saito told Reuters. Silicon anode batteries offer higher energy density than conventional batteries although they remain a small part of the business at TDK, the leading producer of smartphone batteries. The company aims to introduce its fourth-generation battery "sometime next year," Saito said. TDK said last month more than half its capital expenditure over the next three years would be on its energy segment, which includes batteries. The company, founded in 1935, was once well known for its cassette tapes but is now a major manufacturer of batteries, sensors and capacitors. Its annual forecast, announced last month, included both a base and a risk scenario as U.S. President Donald Trump's trade war creates heightened uncertainty. The biggest impact could be on the U.S. market, affecting demand for smartphones and other electronics, said Saito, who has been CEO since 2022.
