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<IPO>LENS (06613.HK): Orders Immune from Tariffs; Caution on Overseas Plant Setup
Recommend 13 Positive 16 Negative 5 |
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LENS (06613.HK) is offering shares in Hong Kong, with an offering price ranging from HKD17.38 to HKD18.18 per share. Entry fee is HKD3,672.68 with a board lot size of 200 shares. The company has introduced 10 cornerstone investors, including XIAOMI-W (01810.HK) and OLYMPIC CIRCUIT (603920.SH), and expects to raise HKD4.59 billion. The group, a supplier to Apple (AAPL.US), was asked about the impact of tariffs on orders. Jiang Nan, Deputy General Manager, President of China Region, and Board Secretary, stated that the group's strong customer stickiness have resulted in no major changes to orders due to external factors. Liu Shuguang, Deputy General Manager and Chief Financial Officer, mentioned that the group established overseas production capacity seven to eight years ago and will work with customers to mitigate impacts. While they have set up plants in Vietnam and Thailand, the costs and yields of overseas plants are not as favorable as domestic ones, leading to a cautious approach in considering overseas plant establishment. AASTOCKS Financial News Website: www.aastocks.com |
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