Apple Inc.
(NASDAQ:AAPL) supplier Luxshare Precision Industry has announced its intention to raise HK$ $24.27 billion ($3.1 billion) through a share sale in Hong Kong, according to a stock exchange filing on Tuesday.
The Shenzhen-listed electronics manufacturer plans to issue 383.5 million H shares at a maximum offer price of HK$63.28 ($7.94) a piece.
According to its prospectus, 90% of the shares will be allocated to international investors, with the remaining 10% offered to Hong Kong retail investors.
Shares are slated to begin trading on July 9.
