By Yantoultra Ngui and Kane Wu
SINGAPORE/HONG KONG, June 16 (Reuters) - Chinese optical parts maker Zhongji Innolight is planning to launch a share listing in Hong Kong as early as mid-July that could raise up to $7 billion, two sources with direct knowledge of the matter said.
The Shenzhen-listed company, which makes optical modules used in AI data centres, initially aimed to raise about $5 billion, but the target has since risen to about $7 billion after strong investor interest during roadshows, one of the people said.
Zhongji Innolight hopes to receive clearance from Chinese regulators for the second listing by late June, one of the people said. Chinese companies need to complete a listing filing with the China Securities Regulatory Commission before they can sell shares offshore.
The company has confidentially filed for the listing, both sources said.
SINGAPORE/HONG KONG, June 16 (Reuters) - Chinese optical parts maker Zhongji Innolight is planning to launch a share listing in Hong Kong as early as mid-July that could raise up to $7 billion, two sources with direct knowledge of the matter said.
The Shenzhen-listed company, which makes optical modules used in AI data centres, initially aimed to raise about $5 billion, but the target has since risen to about $7 billion after strong investor interest during roadshows, one of the people said.
Zhongji Innolight hopes to receive clearance from Chinese regulators for the second listing by late June, one of the people said. Chinese companies need to complete a listing filing with the China Securities Regulatory Commission before they can sell shares offshore.
The company has confidentially filed for the listing, both sources said.
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