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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Pegatron Unit Sells 16 Million Shares of Prolific Optoelectronics, Valued at Nearly NT$14.4 Billion

From Liberty Times · () Chinese

Translated from Chinese and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Pegatron's subsidiary, Hua Wei Investment, decided to sell 16 million shares of Prolific Optoelectronics.
  • The sale aims to supplement operating capital, with the shares valued at nearly NT$14.4 billion.
  • This transaction will reduce Hua Wei Investment's stake in Prolific Optoelectronics, though Pegatron group companies will retain a significant holding.

Pegatron announced that its subsidiary, Hua Wei Investment, has resolved to sell 16 million shares of Prolific Optoelectronics (3189). This strategic divestment is intended to bolster the company's operating capital. Based on Prolific Optoelectronics' closing price of NT$899 on the day of the announcement, the disposed shares are estimated to be worth approximately NT$14.384 billion.

The specific price per share, total transaction amount, and any resulting profit or loss will be disclosed after the transaction is finalized. Prolific Optoelectronics' stock closed at NT$899, down 1.64%, with a trading volume of 20,749 shares. Pegatron clarified that this transaction is not a related-party deal and further information will be provided upon execution.

Following this sale, Hua Wei Investment's cumulative holding in Prolific Optoelectronics will decrease from 51,037,104 shares to 35,037,104 shares, reducing its stake from 9.69% to approximately 6.69%. However, other investment subsidiaries within the Pegatron group, such as Hua Yu Investment and Hua Xu Investment, continue to hold substantial stakes in Prolific Optoelectronics, collectively owning a significant portion of the company's equity.

About this summary

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.