Goertek Inc., a leading Chinese company in acoustic, optical and microelectronics industry, announced that its Goertek Microelectronics Co., Ltd., a manufacturer of Micro-Electro-Mechanical Systems (MEMS) products, will be listed independently on the ChiNext Board of the Shenzhen Stock Exchange.
After the annoucement, Goertek’s shares spiked higher during trading on September 6, with a high of 4.19% and a share price of 48.78 yuan ($7.55) per share. By the midday break, its share price has risen 3.21% which saw the share price hit RMB 48.30 per share and its market capitalization top 165 billion yuan ($25.523 million).
In May, 2021, regulatory authorities disclosed the counseling registration of Goertek Microelectronics. The company registered for counseling on April 29, 2021, and its counseling institution is China Securities.
As early as November 10, 2020, Goertek announced its board of directors agreed to the independent listing of its subsidiary Goertek Microelectronics, and authorized the subsidiary and its managers to prepare the listing.
Goertek Microelectronics is a holding subsidiary of Goertek. The company is mainly engaged in the design, manufacture and sales of MEMS microphones, MEMS sensors, microsystem modules and other related products. The company’s products are mostly used in smart phones, smart wireless headphones, wearable products, automotive electronics and other fields.
Goertek Inc. was established on June 25, 2001 and listed on SZSE on May 22, 2008. Its main business is precision components business, intelligent acoustic machine business and intelligent hardware business.