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Goertek Shares: Terminates Spin-off of Goertek Micro from HKEX Main Board
36Kr reports that Goertek Shares announced its board has approved a proposal to terminate the spin-off of its subsidiary, Goertek Micro Electronics Co., Ltd., from the Hong Kong Stock Exchange's main board. The termination is based on a comprehensive consideration of external environmental changes and the development plans of both the company and Goertek Micro. Following the termination, Goertek Micro will continue as a subsidiary, expanding its business in fields such as sensing interaction and semiconductors, without causing significant adverse effects on the company's production operations or financial status. The company has committed not to plan any major asset restructuring matters within one month after the announcement.
Read the full article at 36KrRelated coverage

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