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Companies

Apple supplier Luxshare to fund output boost with $2bn stock issue

Chinese manufacturer expected to build new lines for AirPods and EV parts

Luxshare both supplies parts for and assembles iPhones in China.   © Reuters

GUANGZHOU -- Chinese contract electronics manufacturer Luxshare Precision Industry plans to raise as much as 13.5 billion yuan ($2.13 billion) through a private share placement, with the money going toward new production facilities for Apple and electric vehicle parts.

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