Lens Technology shares bask in extended glory

Though Apple fans in China will have to wait another month to get hold of the latest Apple Watch, capital market investors on Tuesday made a beeline for the new shares issued by Lens Technology Co Ltd, a major Apple Inc supplier, on the Growth Enterprise Market board in Shenzhen.

Lens Technology plans to sell up to 67.36 million shares and raise 1.5 billion yuan ($230 million) through its initial public offering.

The proceeds will be used to upgrade and expand production capacity of touch-screen glass covers and to make sapphire glass, used for screen-covers.