China's Lens Technology aims for July Hong Kong listing, sources say

March 19, 2025 12:27 AM PDT | By EODHD

Google News:

China's Lens Technology aims for July Hong Kong listing, sources say — Image source: Kalkine Media

Recent News

Rubrik (NYSE:RBRK) Gains Traction With Institutional Share Acquisition...

Molson Coors Beverage (NYSE:TAP) Sees Shift in Share Activity NYSE Com...

Public Storage (NYSE:PSA) Faces Change in Activity NYSE Composite

IB Acquisition (NASDAQ:IBAC) Sees Minor Dip Amid Low Volume Nasdaq Com...

HONG KONG (Reuters) - Shenzhen-listed Chinese mobile screen maker Lens Technology is planning to file an application for a Hong Kong listing by the end of this month, aiming to get the offering done in July, said two people with knowledge of the deal. The company, which is one of the suppliers for Apple's iPhone, has tapped CITIC Securities to sponsor the offering, the two people said, declining to be named as the information is confidential. Bank of America has also been appointed to be the offering's overall coordinator, said one of them. Lens Technology is aiming to raise $1 billion to $1.5 billion in the offering, the person said. The company did not respond to a Reuters request for comment.

CITIC Securities and Bank of America declined to comment. The timing and terms of the offering is not set in stone and could change in line with market conditions, the people cautioned. The Chinese protective panels producer for mobile phone displays said on March 12 it planned to issue H shares and to seek a listing on the Hong Kong bourse. The company's shares have gained 18% this year. Lens Technology opened at 26.15 yuan ($3.62) a share on Wednesday, giving it a market cap of around $18 billion, LSEG data showed.

The shares were down nearly 1% on Wednesday afternoon at 25.89 yuan each. ($1 = 7.2330 Chinese yuan renminbi) (Reporting by Kane Wu in Hong Kong and Scott Murdoch in Sydney; Editing by Kate Mayberry) View Comments

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.