Goertek's (SHE:002241) controlling shareholder, Goertek Group, plans to increase its holdings in the company's shares by between 500 million yuan and 1 billion yuan, according to a Shenzhen Stock Exchange disclosure on Thursday.
Goertek Group plans to borrow no more than 900 million yuan from the Industrial Bank's (SHA:601166) Weifang branch in China to fund the planned transaction.
The parent currently owns 507.7 million shares or 14.56% of the Chinese acoustic component manufacturer, the disclosure said.
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