Latest news with #ChauKwanFei
South China Morning Post
09-07-2025
- Business
- South China Morning Post
5 stocks start trading in Hong Kong with gains, marking HKEX's busiest day yet in 2025
Hong Kong's stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their debuts, cementing the city's position atop the global ranking for initial public offerings (IPO). Advertisement Wuhan Dazhong Dental Medical (2651) was the biggest winner of the day when its shares jumped 20 per cent at the open to HK$24, from its IPO price of HK$20. The shares of Apple supplier Lens Technology (6613) began trading at HK$18.88, a premium of 3.8 per cent from its offer price of HK$18.18. The Shenzhen-listed maker of lens products raised HK$4.77 billion (US$611 million) in its Hong Kong IPO at the top end of an expected range. 'Today's listing of Lens in Hong Kong marks a significant milestone in [the company's] global strategy,' said chairwoman Chau Kwan Fei. 'We will use Hong Kong as a lever to integrate international capital with Lens's manufacturing strengths and the Chinese market, sharing in the growth dividends of Chinese manufacturing.' Chau Kwan Fei, the chairwoman of Lens Technology, spoke before the trading debut of her company's shares on the Hong Kong stock exchange on July 9, 2025. Photo: Aileen Chuang Shenzhen-listed chip designer Fortior Technology (1304) rose 8.5 per cent to HK$130.80 after raising HK$2.26 billion. It priced its shares at HK$120.50 each. Advertisement Robot maker Beijing Geekplus (2590) rose 0.6 per cent during its trading debut at HK$16.90 after raising HK$2.71 billon.
South China Morning Post
09-07-2025
- Business
- South China Morning Post
5 companies mark IPO trading debut in Hong Kong, marking HKEX's busiest day yet in 2025
Hong Kong's stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their debuts, cementing the city's position atop the global ranking for initial public offerings (IPO). Wuhan Dazhong Dental Medical (2651) was the biggest winner of the day, when its shares jumped 20 per cent at the open to HK$24, from its IPO price of HK$20. The shares of Apple supplier Lens Technology (6613) began trading at HK$18.88, a premium of 3.8 per cent from its offer price of HK$18.18. The Shenzhen-listed maker of lens products raised HK$4.77 billion (US$611 million) in its Hong Kong IPO at the top end of an expected range. 'Today's listing of Lens in Hong Kong marks a significant milestone in [the company's] global strategy,' said chairwoman Chau Kwan Fei. 'We will use Hong Kong as a lever to integrate international capital with Lens's manufacturing strengths and the Chinese market, sharing in the growth dividends of Chinese manufacturing.' Chau Kwan Fei, the chairwoman of Lens Technology, spoke before the trading debut of her company's shares on the Hong Kong stock exchange on July 9, 2025. Photo: Aileen Chuang Shenzhen-listed chip designer Fortior Technology (1304) rose 8.5 per cent to HK$130.80 after raising HK$2.26 billion. It priced its shares at HK$120.50 each.
South China Morning Post
30-06-2025
- Business
- South China Morning Post
Apple supplier Lens Technology joins Hong Kong IPO boom with US$608 million deal
Hong Kong's initial public offering (IPO) boom continued on Monday as seven companies, including Apple supplier Lens Technology and chip designer Fortior, filed fresh listing applications, injecting renewed optimism into the buoyant market Precision manufacturer Lens Technology said it would raise as much as HK$4.77 billion (US$608 million) from its debut in the city, according to its stock exchange filing on Monday. The Shenzhen-listed firm is offering 262.3 million shares at HK$17.38 to HK$18.18 each. Lens Technology planned to allocate 11 per cent of the base offering to Hong Kong investors, with the remainder going to international investors. If the offer size adjustment and overallotment options were exercised, the IPO gross proceeds could swell to HK$6.3 billion at the top end of the price range. Investors can place orders from Monday to July 4, and trading was set to begin on July 9 under the stock code 6613, according to the company's proposed timetable. The company's Shenzhen-listed shares fell 0.3 per cent to 22 yuan (US$3.07) in recent trading. The offering drew cornerstone investors including Green Better, Olympic Country, UBS Asset Management Singapore and Oaktree Capital. They agreed to subscribe for about US$280 million worth of the IPO shares. Citic Securities is the sole IPO sponsor. Founded in 1993 in Shenzhen by chairwoman Chau Kwan Fei, Lens Technology is headquartered in Liuyang in China's central Hunan province, according to its website. Chau was expected to control 59.03 per cent of the company after the listing, according to the prospectus.
