Latest news with #LensTechnologyCo
Time of India
3 days ago
- Business
- Time of India
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.
Bloomberg
3 days ago
- 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.
