ASM Pacific Technology ( (HK:0522) ) has issued an announcement.
ASMPT Limited has announced a discloseable transaction involving the disposal of assets, aligning with its strategy to concentrate on core semiconductor and electronics manufacturing capabilities. The transaction will provide immediate cash proceeds of RMB789 million and allow ASMPT to retain an 18% stake in A-share ListCo, potentially increasing shareholder value as A-share ListCo grows in the semiconductor materials field.
More about ASM Pacific Technology
ASMPT Limited operates in the semiconductor and electronics manufacturing industry, providing hardware and software solutions. The company focuses on its core capabilities to enhance its market position.
YTD Price Performance: -3.13%
Average Trading Volume: 438
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.24B
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