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Sources said Apple supplier Luxshare Precision plans to price its Hong Kong IPO at the upper limit of HK$63.28 per share, raising about HK$24.3 bln (around USD3.1 bln). The pricing was said to be roughly a 13% discount to its Monday close of HK$62.88

2026-07-06

Sources said Apple supplier Luxshare Precision plans to price its Hong Kong IPO at the upper limit of HK$63.28 per share, raising about HK$24.3 bln (around USD3.1 bln). The pricing was said to be roughly a 13% discount to its Monday close of HK$62.88. The offering comprises 383.5 mln shares and subscriptions closed early last Friday. If completed, the deal would exceed Shenghong Technology’s April HK$23.1 bln raise to become Hong Kong’s largest IPO this year.

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Macquarie downgrades Shuanghui Development to neutral with a target price of RMB 23.

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Iraq's oil minister said that crude oil production at the Sinbad oil field will reach 80,000 to 100,000 barrels per day, with associated gas production increasing by about 260 million standard cubic feet per day.

Iraq's oil minister said that crude oil production at the Sinbad oil field will reach 80,000 to 100,000 barrels per day, with associated gas production increasing by about 260 million standard cubic feet per day.
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