Goertek (SHE:002241) said its stake in Goertek Optical Technology will decrease to 37.8% from 56.7% following the optical instruments subsidiary's planned acquisition of Shanghai Olightek.
Goertek Optical Technology will fully acquire Shanghai Olightek through the issue of 529.5 million yuan in shares to the counterparties, according to a filing with the Shenzhen bourse.
Despite the decline in ownership stake, Goertek will remain the largest shareholder of Goertek Optical Technology.
Shares of the acoustic component manufacturer rose 4% in recent trade.
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