By Yantoultra Ngui and Scott Murdoch
June 30 (Reuters) - Five Chinese technology and advanced
manufacturing companies launched Hong Kong listings on Tuesday
to raise up to HK$44.1 billion ($5.6 billion), one of the
busiest days for new share sales this year, according to their
company filings.
The biggest of the five offerings is Shenzhen-listed Apple ( AAPL )
supplier Luxshare Precision Industry, looking to
raise up to HK$24.27 billion ($3.15 billion) after contemplating
a Hong Kong listing for more than a year.
The rush of new deals announced on Tuesday adds to a run of
Chinese companies turning to Hong Kong for fresh capital as
Beijing encourages more domestic champions to list close to
home.
There has been $22.45 billion worth of new listings in Hong
Kong in the first half, up nearly 57% from a year earlier,
making it the busiest start to the year in five years, according
to LSEG data.
Luxshare is selling 383.5 million shares at a maximum offer
price of HK$63.28 apiece, according to its prospectus. The final
price will be set on July 8, with trading set to commence the
following day. The company manufactures electronic devices,
including routers, wireless charging modules and video
conferencing equipment.
Chaozhou Three-Circle, which makes electronic ceramic
materials and parts used in electronics, cars and chip
equipment, is seeking up to about HK$7.16 billion, according to
its prospectus.
Nexchip Semiconductor, which manufactures chips designed by
other companies, said it would seek up to HK$6.98 billion.
Guangdong Dtech Technology, a maker of tiny drill bits and
other tools used to produce printed circuit boards, is aiming to
raise up to HK$4.80 billion, its filings showed.
Rokae (Shandong) Robotics Group, the smallest of the five
deals, said it would sell 23 million shares at HK$38 each to
raise about HK$875 million. The company makes industrial robots,
collaborative robots that can work near people and newer
AI-linked robots.
($1 = 7.8413 Hong Kong dollars)