GoerTek terminates HK$10.4 bn acquisition plan

GoerTek announced the termination of its planned acquisition of 100% equity in Mega Precision Technology Limited and Channel Well Industrial Limited, collectively referred to as the "equity acquisition matters." The company had intended to use approximately HK$10.4 billion of its own or self-raised funds for this acquisition, initially disclosed on July 23, 2025.

The decision to terminate the acquisition comes after GoerTek and the transaction counterparties failed to reach a consensus on key terms of the deal, despite extensive due diligence, auditing, and valuation efforts. GoerTek stated that the termination was mutually agreed upon, ensuring that all parties are free from claims for compensation or legal liabilities.

GoerTek confirmed that the termination will not adversely affect its operating performance or financial condition, nor will it harm the interests of the company or its shareholders. The company plans to continue pursuing its strategic goals through organic growth and mergers and acquisitions to enhance its long-term development and value.