Biel Crystal Manufactory IPO
Posted: Wed Jan 13, 2016 6:21 amIPO looking crystal clear
Biel Crystal Manufactory, the largest touchscreen supplier for Apple Inc and Samsung Electronics, plans a HK$15.6 billion share sale by the year end.
About 60 percent of iPhone cover glass is made by the SAR-based company, while it also contributes to one-third of watch glass for branded watches in Europe.
Its founder Yeung Kin-man has a net worth of HK$56.16 billion.
Biel Crystal was valued at HK$110 billion. Sales rose 25 percent to US$4 billion (HK$31.2 billion) in 2014 from a year earlier.
The company said earlier that it hopes to boost its international presence through the IPO instead of financing.
Its price-to-earnings ratio will be more than 20 times after listing.
Source: The Standard
Biel Crystal Manufactory, the largest touchscreen supplier for Apple Inc and Samsung Electronics, plans a HK$15.6 billion share sale by the year end.
About 60 percent of iPhone cover glass is made by the SAR-based company, while it also contributes to one-third of watch glass for branded watches in Europe.
Its founder Yeung Kin-man has a net worth of HK$56.16 billion.
Biel Crystal was valued at HK$110 billion. Sales rose 25 percent to US$4 billion (HK$31.2 billion) in 2014 from a year earlier.
The company said earlier that it hopes to boost its international presence through the IPO instead of financing.
Its price-to-earnings ratio will be more than 20 times after listing.
Source: The Standard