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.
The company will issue 2.12 billion shares to up to 35 investors, pending approval from shareholders and Chinese authorities. The issuance is equivalent to 30% of current outstanding shares.
