Published: 10:47, August 31, 2026
Shenzhen Longsys aims to raise $800m in Hong Kong share sale
By Reuters
Pedestrians pass the electronic ticker board outside the Hong Kong Exchanges and Clearing Limited in Central on Jan 8, 2026. (ADAM LAM/CHINA DAILY)

Shenzhen Longsys Electronics is seeking to raise up to HK$6.27 ​billion ($799.80 million) through a Hong Kong Special Administrative Region ‌listing, according to an exchange filing on Monday.

The Shenzhen-listed semiconductor company ​is offering a total number ​of 26.1 million H shares at ⁠a maximum offer price of HK$240.60 ​per share.

The company plans to finalize the ​offer price on September 4, with allocation results to be announced by September 7.

The firm's ​H shares are expected to ​begin trading on September 8.

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The company reported year-on-year growth ‌of ⁠more than 71,000 percent in its half-year net profit released this month.

It plans to use around 78.3 percent of the net ​proceeds from ​the ⁠share sale to enhance its independent research and development and ​innovation capabilities in key areas ​including ⁠chip design and advanced memory product development.

Lenovo Group and Ingenic Semiconductor are among ⁠the ​cornerstone investors for the ​share sale.