Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion

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Apple supplier Goertek to buy Luen Fung Commercial’s units for $1.3 billion

Tue, Jul 22, 2025 0 Comments

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BEIJING (Reuters) -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)

(Reporting by Beijing newsroom, Editing by Louise Heavens)

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Apple supplier Goertek to buy Luen Fung Commercial’s units for $1.3 billion

BEIJING (Reuters) -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 […]

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