Yageo Denies Major Shareholder Sales; Only CISO Sold Minor Stake

Contrary to market speculation following a significant stock price drop in mid-July, Yageo, a prominent electronic components manufacturer, has confirmed that its major shareholder, "Chen's Inheritance Co., Ltd.," has not sold any shares. The company issued a statement on July 17th to clarify this, emphasizing that it had not received any notification of shareholding changes from the major shareholder.

According to the latest data from the Major Information Observatory, the only internal party to report share transfers or sales in July was the Chief Information Security Officer, Yang Yongcheng, along with his spouse and minor children. Their combined sales amounted to 11,000 shares. Other key executives, including Chairman Chen Tai-ming, General Manager Wang Danru, and Chen Shao-chiao, have also not sold any shares.

Yageo's stock price plummeted from a high of 1,220 New Taiwan dollars on July 1st to a low of 456.5 dollars on July 30th, representing a 60% decrease. This sharp decline fueled rumors about potential share disposals by major shareholders.

The company urged the market to rely on official announcements and publicly disclosed information for accurate details regarding shareholding status. The clarification aims to stabilize investor confidence amidst the recent market volatility experienced by the company.