Apple supplier Goertek to buy Luen Fung Commercial's units for $1.3 billion

BEIJING, July 22 (Reuters) - Apple AAPL.O supplier Goertek Inc 002241.SZ said on Tuesday it plans to buy two units of Hong Kong's Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion).

The acquisition of Mega Precision Technology and Channel Well Industrial would help Goertek strengthen competitiveness in the field of precision structural components, the company said in a Shenzhen stock exchange filing.

($1 = 7.8499 Hong Kong dollars)