Victory Giant Technology (Huizhou) Co., a Chinese manufacturer of printed circuit boards, is reportedly considering a secondary listing in Hong Kong.

This move could potentially raise around US$1 billion, according to sources familiar with the situation.

The company is currently working with advisers on the possible offering, which might occur as early as this year. However, these discussions are still in preliminary stages.

Details regarding the size and timing may change, the sources noted.

Founded in 2006, the firm has been trading on the Shenzhen Stock Exchange for about a decade.

Its shares have increased by 270% this year, raising its market value to around 134 billion yuan (US$19 billion).