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

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

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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