ASMPT's stock price plummeted by 5.34% during intraday trading on Monday, continuing a trend of selling pressure.

The decline follows the company's recent completion of the divestiture of its wholly owned subsidiary ASMPT NEXX, Inc. to Applied Materials, Inc. The transaction, valued at $120 million, is expected to yield net proceeds of approximately $116 million and a net gain of about HK$11 million. However, the sale means ASMPT NEXX is no longer consolidated into the group's financial statements, effectively narrowing the company's SEMI segment product line, which has led to sustained investor concern and selling pressure.