Suzhou Dongshan Precision Manufacturing

Suzhou Dongshan Precision Manufacturing (Ticker: 2384 HK) manufactures printed circuit boards and other electronic components. Its products include precision components, touch panels, liquid crystal display modules and optical modules, which are used in consumer electronics, automotive, data centers, communications equipment and industrial control equipment. The company was founded in 1998. It entered the optical transceiver business in September 2025 through its acquisition of Source Photonics.

The Shenzhen-listed company is offering H shares in Hong Kong and expects to list on Hong Kong Stock Exchange on October 28, 2026. Its base offering comprises 113,783,200 shares at an indicative price of HKD 93.80 per share. At that indicative price, the offering would represent approximately HKD 10.67 billion in gross proceeds, equivalent to approximately $1.36 billion. Proceeds are intended to build and upgrade production facilities, including expanding high-speed EML chip and optical module manufacturing capacity in mainland China.

Haitong International Capital Limited, UBS Securities Hong Kong Limited, CITIC Securities (Hong Kong) Limited and GF Capital (Hong Kong) Limited are sponsors of the offering.