Apple supplier Goertek sent its subsidiary to go public in Hong Kong after suspending the listing plan in Shenzhen.
Goertek Microelectronics is a world-leading provider of smart sensing interaction solutions, who have developed UniSense, a one-stop platform that encompasses all critical technical aspects of smart sensing interaction solutions, ranging from material development, chip design, packaging and testing, algorithm and software development to system design.
Goertek Microelectronics's net profit for the period increased by 8 percent from 224.7 million yuan (HK$ 239.2 million) in the nine months ended September 30, 2023, to 242.7 million yuan in the same period of 2024.
Goertek’s latest market value is 86.3 billion yuan.
Goertek originally planned to spin off Goertek Microelectronics and list it on the Shenzhen Stock Exchange's Growth Enterprise Market.
The application was accepted in October 2021 and successfully passed the review in 2022. At that time, it planned to raise 3.19 billion yuan.
Goertek suspended the spin-off listing application of Goertek Microelectronics on the Shenzhen Stock Exchange in May last year and applied for an IPO on the Hong Kong in November.
LAINEY LIU
