GoerTek (SHE:002241) will terminate the planned spinoff and listing of subsidiary Goertek Microelectronics on the main board of the Hong Kong Stock Exchange.
The optical components manufacturer cited changes in the external environment and the development plans of both companies as the drivers behind the decision, according to a Tuesday filing with the Shenzhen bourse.
GoerTek's shares fell over 1% in early-morning trade in Shenzhen on Tuesday.
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