HONG KONG, March 19 (Reuters) - Shenzhen-listed Chinese
mobile screen maker Lens Technology is planning to
file an application for a Hong Kong listing by the end of this
month, aiming to get the offering done in July, said two people
with knowledge of the deal.
The company, which is one of the suppliers for Apple's ( AAPL )
iPhone, has tapped CITIC Securities to sponsor the
offering, the two people said, declining to be named as the
information is confidential.
Bank of America has also been appointed to be the offering's
overall coordinator, said one of them.
Lens Technology is aiming to raise $1 billion to $1.5
billion in the offering, the person said.
The company did not respond to a Reuters request for
comment. CITIC Securities and Bank of America declined to
comment.
The timing and terms of the offering is not set in stone and
could change in line with market conditions, the people
cautioned.
The Chinese protective panels producer for mobile phone
displays said on March 12 it planned to issue H shares and to
seek a listing on the Hong Kong bourse.
The company's shares have gained 18% this year. Lens
Technology opened at 26.15 yuan ($3.62) a share on Wednesday,
giving it a market cap of around $18 billion, LSEG data showed.
The shares were down nearly 1% on Wednesday afternoon at
25.89 yuan each.
($1 = 7.2330 Chinese yuan renminbi)