Tecno maker Transsion prices Hong Kong share sale at HK$35.30, bottom of range

Transsion Holdings, the Shenzhen-based maker of Tecno, Infinix and itel phones, set the offer price for its Hong Kong share sale at HK$35.30 per H share on 13 October, according to a filing with the Hong Kong stock exchange as reported by Zhitong Finance, a Chinese financial news site, on 13 October. The offer opened on 7 October with a price range of HK$35.30 to HK$38.80, so the final price is the bottom of that range.

The price excludes a 1.0% brokerage commission and exchange levies, Sina Finance reported on 13 October. Shares trade in lots of 100.

The H shares are expected to begin trading on the Main Board of the Hong Kong exchange at 9:00 am Hong Kong time on 15 October, Zhitong Finance reported. That depends on the global offering becoming unconditional by 8:00 am that day.

The offer closed on 12 October. Transsion planned to sell 86.6483 million H shares, subject to an over-allotment option, Gelonghui, another Chinese financial news site, reported on 7 October. About 10% were set aside for the Hong Kong public offering and about 90% for international investors, Sina Finance reported on 7 October. CITIC Securities is the sole sponsor.

Cornerstone investors, who agree in advance to buy shares at the offer price, agreed to take about HK$1.2455 billion of the offering, Sina Finance reported on 7 October. The investors include Singapore's GIC, the Chinese fund manager E Fund, Golden Link Worldwide, a BYD affiliate, Bank of China Wealth Management, Longsys and MediaTek's Digimoc.

Sina Finance reported on 7 October that about 40% of the proceeds would go to AI-related research and development, about 30% to marketing and brand building, about 20% to mobile internet services, IoT products and other businesses, and about 10% to working capital and general corporate purposes.

Tech-ish, a technology news site covering Kenya, reported on 6 August that Omdia data showed Transsion's Tecno, Infinix and itel brands together shipped 47% of all smartphones that entered Africa in the first quarter of 2026. The same article said Omdia counted Kenyan smartphone shipments down 16% year on year in that quarter, and attributed the fall to rising retail prices that led people to keep their phones longer.