Biel provides optical components for smartphones, luxury watches and other gadgets as well. Its total output last year amounted to about 40 billion yuan (US$5.7 billion). Photo: AFP Biel provides optical components for smartphones, luxury watches and other gadgets as well. Its total output last year amounted to about 40 billion yuan (US$5.7 billion). Photo: AFP
Biel provides optical components for smartphones, luxury watches and other gadgets as well. Its total output last year amounted to about 40 billion yuan (US$5.7 billion). Photo: AFP
IPO
Business /  Companies

exclusive | Hong Kong glass firm Biel, supplier to Apple and Samsung, revives US$2.5 billion IPO plan, expects surge in demand for 5G devices

  • Company put its IPO on hold in 2018 to avoid being hit by rising US interest rates, escalating US-China trade war
  • Not in need of fresh capital, but listing status ‘will help our name and our business,’ founder Yeung says

Topic |   IPO
Peggy Sito
Peggy Sito

Updated: 10:13pm, 10 Jul, 2020

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Biel provides optical components for smartphones, luxury watches and other gadgets as well. Its total output last year amounted to about 40 billion yuan (US$5.7 billion). Photo: AFP Biel provides optical components for smartphones, luxury watches and other gadgets as well. Its total output last year amounted to about 40 billion yuan (US$5.7 billion). Photo: AFP
Biel provides optical components for smartphones, luxury watches and other gadgets as well. Its total output last year amounted to about 40 billion yuan (US$5.7 billion). Photo: AFP
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