Apple supplier Luxshare plans share issue to fund new production lines


FILE PHOTO Man walks past an Apple store in Taipei Taiwan October 20 2020. Picture taken October 20 2020. REUTERSAnn Wang

FILE PHOTO: Man walks past an Apple store in Taipei, Taiwan October 20, 2020. Picture taken October 20, 2020. REUTERS/Ann Wang

BEIJING (Reuters) - Luxshare Precision Industry Co Ltd, an Apple Inc supplier, said on Monday it aims to raise up to 13.5 billion yuan ($2.13 billion) to fund six projects, including building a production line for wearable devices.

The company plans to issue up to 2.1 billion shares to up to 35 investors at a price that will be disclosed at a later stage, Luxshare said in a filing to the Shenzhen stock exchange.

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