Products of Chaozhou Three-Circle Group Co Ltd on display during an expo in Shanghai. CHINA DAILY
Five Chinese mainland technology and advanced manufacturing companies have simultaneously launched initial public offerings on Hong Kong stock exchange on Tuesday, seeking to raise up to HK$44.1 billion ($5.6 billion) in one of the market's biggest single-day fundraising pushes this year.
The companies — Luxshare Precision Industry Co Ltd, Chaozhou Three-Circle Group Co Ltd, Nexchip Semiconductor Corp, Guangdong Dtech Technology Co Ltd, and robotics maker ROKAE — span industries including consumer electronics, advanced ceramic materials, semiconductor manufacturing, printed circuit board tooling and industrial robotics.
Luxshare Precision, a key supplier to Apple, accounts for more than half of the planned fundraising, targeting up to HK$24.27 billion through the sale of 383.5 million shares.
The company is expected to price the offering on July 8 and begin trading on July 10. It is seeking to establish a dual A+H listing as it expands its international financing channels.
