FilingReader Intelligence

GoerTek subsidiary provides $100m loan for Micro-LED acquisition

August 8, 2025 at 09:50 AM UTCBy FilingReader AI

GoerTek's Hong Kong subsidiary will provide up to $100 million to Haylo Labs for acquiring Plessey Semiconductors and expanding Micro-LED operations.

The five-year loan includes equity earnings rights, giving GoerTek 25% of acquisition value if Haylo or Plessey are sold or go public.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002241Shenzhen Stock Exchange

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