Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion
A person counts U.S. one-hundred dollar bills at a currency exchange office, in Santiago, Chile April 4, 2025. REUTERS/Pablo Sanhueza
BEIJING :Apple supplier Goertek Inc said on Tuesday it plans to buy two units of Hong Kong's Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion).
The acquisition of Mega Precision Technology and Channel Well Industrial would help Goertek strengthen competitiveness in the field of precision structural components, the company said in a Shenzhen stock exchange filing.
($1 = 7.8499 Hong Kong dollars)
Source: Reuters
