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

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

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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)

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