CMC Magnetics Unit Buys Shares in Silicon Integrated for NT$303 Million

MT Newswires Live

05/16

CMC Magnetics (TPE:2323) unit CHC International Investment acquired 5.9 million shares of Silicon Integrated Systems for NT$303 million.

The shares were purchased between March 14 and May 15, and raised the company's stake to 0.953%, according to a Thursday Taiwan Exchange filing.

The acquisition is part of the group's portfolio management strategy, the optical storage products manufacturer added.

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