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ASMPT Limited Announces Strategic Asset Disposal
Company Announcements

ASMPT Limited Announces Strategic Asset Disposal

ASM Pacific Technology (HK:0522) has released an update.

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ASMPT Limited plans to sell its shares in Advanced Assembly Materials International Limited to Shenzhen Original Advanced Compounds Co., Ltd. in exchange for new shares and cash. This strategic move will allow ASMPT to retain a 20% stake in the acquiring company, potentially enhancing its financial position and market influence.

For further insights into HK:0522 stock, check out TipRanks’ Stock Analysis page.

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