![\"A](\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/04\/bf99f586-0f9a-4e58-9236-fddaecdc7776_686e78c9.jpg\" "\\"A")
A raft of Chinese companies are selling shares on the Hong Kong stock exchange. Photo: Jelly Tse<\/p>\nShanghai-listed Huaqin, one of the world\u2019s largest consumer electronics original design manufacturers (ODMs), kicked off a Hong Kong share sale on Wednesday, aiming to raise up to HK$4.55 billion (US$580 million).<\/p>\n
The electronics giant \u2013 the latest mainland-listed firm to tap Hong Kong\u2019s stock market with Beijing\u2019s backing \u2013 is offering 58.55 million shares, with 10 per cent earmarked for retail investors and the rest for international placement.<\/p>\n
The maximum offer price of HK$77.70 per share represents a discount of 31.2 per cent to its A-share closing price of 98.30 yuan on Tuesday. Nvidia supplier Victory Giant Technology, which started book-building on Monday, offered a discount of nearly 60 per cent to its mainland-traded shares. Victory Giant is also a cornerstone investor.<\/p>\n
Huaqin is a leading full-stack intelligent product ODM \u2013 a company that designs and makes products that other brands sell under their own names. It held a 22.5 per cent global market share in consumer electronics ODMs in 2024 by shipment volume, ranking first worldwide, according to its prospectus, which cited data from China Insights Consultancy.<\/p>\n
A raft of Chinese companies are selling shares on the Hong Kong stock exchange. Photo: Jelly Tse<\/p>\n
Huaqin, which currently has a market capitalisation of 101 billion yuan (US$14.8 billion), leads in multiple segments. It was the world\u2019s largest ODM for tablets and smart wearables with a market share of 37.9 per cent and 18.7 per cent respectively, according to China Insights Consultancy. It was also the world\u2019s second-largest smartphone ODM with a 25.9 per cent market share.<\/p>\n","protected":false},"excerpt":{"rendered":"Shanghai-listed Huaqin, one of the world\u2019s largest consumer electronics original design manufacturers (ODMs), kicked off a Hong Kong…\n","protected":false},"author":2,"featured_media":49032,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[28186,28189,28193,28187,28195,3260,28194,1096,6007,28190,5067,28191,28188,223,28192],"class_list":["post-49031","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-aiot","tag-beijing","tag-china-insights-consultancy","tag-consumer-electronics","tag-gigadevice","tag-hong-kong","tag-huaqin","tag-jpmorgan-chase","tag-nvidia","tag-omnivision","tag-shanghai","tag-smart-vehicles","tag-smart-wearables","tag-ubs","tag-victory-giant"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116407275525661274","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/49031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=49031"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/49031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/49032"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=49031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=49031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=49031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}