Apple Supplier Lingyi Targets HK$8.3B Hong Kong IPO on June 26

According to South China Morning Post, Lingyi iTech plans to raise HK$8.3 billion (US$1.06 billion) in a Hong Kong IPO on June 26, offering 811.8 million shares at HK$10.18 (US$1.3) each. The Shenzhen-listed electronics maker will use proceeds to expand into AI servers, smart glasses, and robotics. GF Fund, Sunny Optical Capital, and Honor are cornerstone investors.
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