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. 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.