Business · Companies · 1 hr ago
Transsion Raises $390 Million in Hong Kong Share Sale
Shenzhen-based Transsion Holdings raised HK$3.1 billion, equal to $390 million, through a share sale in Hong Kong.
The company makes smartphones and dominates the market for them in Africa.
It priced the sale near the top end of the range offered to investors.
The funds came from selling shares, though no further details about their use were given.
The sale gives Transsion a Hong Kong listing.
No next steps were specified.
Shenzhen Transsion Holdings raised HK$3.1 billion, or $390 million, in a Hong Kong share sale.
The deal was priced near the top end of its range.
Transsion dominates the smartphone market in Africa.
- Who
- Shenzhen Transsion Holdings Co.
- What
- It raised HK$3.1 billion ($390 million) in a share sale.
- When
- Not stated.
- Where
- Hong Kong.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Amount raised
- HK$3.1 billion
- US-dollar equivalent
- $390 million
- Company
- Shenzhen Transsion Holdings Co.
- Market position
- Dominates the smartphone market in Africa
Sources
Related news
BYD faces barriers as it aims to become the world’s biggest carmaker
China approves Visa’s local company to prepare a bank card clearing business
China’s central bank sets out its exchange-rate policy position
China’s consumer subsidies lose force as domestic demand slows
Nvidia's share of China's AI-chip market falls as Huawei narrows gap
EU and China agree to cap hybrid car imports at 350,000 a year
EU and China agree to cap Chinese hybrid imports at 350,000 a year
IMF cuts China’s 2026 growth forecast to 4.5%
Mainland investors’ net buying of Hong Kong stocks rises in September
China’s Export-Import Bank lent nearly 1 trillion yuan to foreign trade
China targets 15% productivity growth for larger small businesses by 2030
