Latest news with #LensTechnologyCo
&w=3840&q=100)
Business Standard
09-07-2025
- Business
- Business Standard
Apple supplier Lens Technology to debut in Hong Kong after $607 mn float
Lens Technology Co, a Chinese manufacturer of touch-screen covers for Apple Inc's iPhone, rose in its Hong Kong trading debut after a HK$4.8 billion ($607 million) stock offering in the city. The shares opened at HK$18.88 on Wednesday, up 3.9 per cent from its listing, when they were sold at HK$18.18. The stock was priced at the high end of the marketed range, and attracted cornerstone investors such as Xiaomi Corp, UBS Asset Management AG and Oaktree Capital Management. Headed by China's second-richest woman, Lens Technology is the latest China-traded company to set its sights on Hong Kong. Chinese companies have flocked to the city to list their shares amid a rally in the benchmark Hang Seng Index, which is forecast to double to more than $22 billion this year. Lens Technology is the biggest debutant in what's going to be the busiest day for share listings in Hong Kong this year. Wuhan Dazhong Dental Medical Co., Beijing Xunzhong Communication Technology Co., Beijing Geekplus Technology Co. and Fortior Technology Shenzhen Co. also begin trading in Hong Kong on Wednesday. The company, which also makes other components for consumer electronics, saw sales and profit rise at least 20 per cent last year, fueled by demand for smart gadgets. But Lens Technology remained heavily dependent on a few major clients, most notably Apple, which accounted for nearly half of its total sales. 'Lens Tech is one of the few global consumer electronics solution providers with advanced capabilities in both glass and metal processing,' SDICS International Securities analyst Alex Wang wrote in a note. Still, the company faces risks including 'high customer concentration and intensifying industry competition,' according to the note.
Time of India
30-06-2025
- 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
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.
