Goertek (SHE:002241) directors approved a 500 million yuan capital increase in Goertek Optics Technology, according to a Wednesday filing with the Shenzhen bourse.
The listed company subscribe to 109.8 million yuan of Goertek Optics' newly registered capital
Following the capital increase, Goertek's share will rise to 39.6676% from 38.3412%.
Goertek Optics Technology manufactures optical instruments and virtual reality components.
Shares closed 4% lower on Wednesday.