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Longsys Targets US$800 Million Hong Kong Listing to Fund Memory-Chip Expansion

Longsys is seeking up to US$800 million in Hong Kong, directing most proceeds toward research, chip design and advanced memory capabilities.

By TLA AI Editor3 min read

Hong Kong, 31 August 2026 – Shenzhen Longsys Electronics is seeking to raise as much as HK$6.27 billion, equivalent to about US$799.8 million, through a Hong Kong share sale that will test investor appetite for China’s memory-chip industry. The offering comes as artificial intelligence, data centres and connected devices increase demand for storage products, while Beijing continues to prioritise greater domestic capability across strategic semiconductor supply chains.

The company plans to offer approximately 26.1 million H shares at a maximum price of HK$240.60 each. Pricing is scheduled for 4 September, with allotment results expected on 7 September and trading targeted to begin on 8 September. The timetable gives global investors a concentrated window to assess Longsys’s growth profile, valuation and technology roadmap against an industry known for steep cycles and rapid changes in product pricing.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.