Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion-February 2024-www.financetom.com

Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion

Jul 22, 2025 5:14 AM

BEIJING, July 22 (Reuters) - Apple ( AAPL ) supplier

Goertek Inc said on Tuesday it plans to buy two

units of Hong Kong's Luen Fung Commercial Holdings for about

combined HK$10.4 billion ($1.32 billion).

The acquisition of Mega Precision Technology and Channel

Well Industrial would help Goertek strengthen competitiveness in

the field of precision structural components, the company said

in a Shenzhen stock exchange filing.

($1 = 7.8499 Hong Kong dollars)

Previous page： Norway wealth fund backs proposal to split Goldman CEO, chair roles Next page： US restricts drilling and mining in Alaska wilderness, angering state leaders

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Norway wealth fund backs proposal to split Goldman CEO, chair roles

Apr 19, 2024

STOCKHOLM (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, will support a resolution calling for Goldman Sachs ( GS ) to split the roles of CEO and board chair, it said on Friday. Proxy advisors Institutional Shareholder Services (ISS) and Glass Lewis have recommended that investors back a shareholder resolution urging the bank to...

US restricts drilling and mining in Alaska wilderness, angering state leaders

Apr 19, 2024

April 19 (Reuters) - The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources. The measures are aligned with President Joe Biden's efforts to rein in oil and gas activities on public lands and...

Norway wealth fund backs proposal to split Goldman CEO, chair roles

Apr 19, 2024

STOCKHOLM, April 19 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, will support a resolution calling for Goldman Sachs ( GS ) to split the roles of CEO and board chair, it said on Friday. Proxy advisors Institutional Shareholder Services (ISS) and Glass Lewis have recommended that investors back a shareholder resolution urging the...

Apple Reportedly Removes WhatsApp, Threads From China App Store After Beijing Directive

Apr 19, 2024

05:04 AM EDT, 04/19/2024 (MT Newswires) -- Apple ( AAPL ) removed Meta Platforms' ( META ) WhatsApp and Threads from its China App Store after being ordered to by the Beijing government, news outlets reported Friday. The Chinese government ordered the social media and communications apps removed on national security grounds, the news outlets reported, citing statements from Apple...