Apple Supplier Lens Tech Seeks Up to $606 Million in HK Listing
A shop assistant serves a customer inside the Apple Inc. Sanlitun store in Beijing, China.
Source: Bloomberg
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.