Lite-On Technology Eliminates COO Position; Shares Up 10%

MT Newswires Live

07/31

Electronics manufacturer Lite-On Technology Corp (TPE:2301) has scrapped the position of chief operating officer after a position adjustment with effect from Friday, according to a same-day filing to the Taiwan stock exchange.

The position was earlier held by Wai Chong Sheetoh, vice president and OCS head of the company.

The company's shares were up 10% in Friday's trade.

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