Apple supplier Goertek to buy Luen Fung Commercial's units for $10.4 billion

22-07-2025 21:53 HKT

FILE PHOTO: A person walks by the Apple store on Fifth Avenue in New York City, U.S., May 1, 2025. REUTERS/Kylie Cooper/File Photo

Apple supplier Goertek said on Tuesday it plans to buy two units of Hong Kong's Luen Fung Commercial for about a combined HK$10.4 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.

Reuters

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