BUSINESSJul 29 · 09:00 UTCSCMP CHINAZhang Shidong,Howard Liu

Why is Zhongji unveiling US$1.2 billion in buy-backs before its Hong Kong debut?

Zhongji Innolight, a Chinese supplier of US hyperscalers, plans to repurchase up to $1.2 billion in Shenzhen-listed shares before its offshore Hong Kong listing. The buy-back aims to provide pricing anchors for global investors and mitigate a potential shaky start to trading. The company produces optical transceivers used in AI data centers.

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Mentioned

Zhongji InnolightorganizationUS hyperscalerstopicoptical transceiverstopicartificial intelligence (AI) data centrestopicHong KongplaceShenzhenplace

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