China’s Luxshare Precision Industry seeks to raise up to $3.1 billion in HK share sale

Apple supplier Luxshare Precision Industry seeks to raise up to HK$24.27 billion ($3.10 billion) in a ‌Hong ⁠Kong ⁠share sale, an exchange filing showed on Tuesday.

The Shenzhen-listed electronics maker is set to offer 383.5 million H shares at a maximum offer price ⁠of HK$63.28 ‌apiece.

Luxshare expects to unveil its final offer ⁠price and the level of interest in the offering on July 8, with trading set to commence the following day.