CMC Magnetics Sheds Stake in Nanya Technology Worth NT$409 Million

MT Newswires Live

08/18

CMC Magnetics (TPE:2323) sold 780,000 shares of Nanya Technology (TPE:2408) for NT$408.7 million, according to a Monday Taiwan Exchange filing.

The shares were sold between Aug. 14 and Aug. 17, at an average NT$524 each, generating a gain of NT$40 million.

Following the sale, CMC holds 3.7 million Nanya Technology shares, equivalent to a 0.11% stake.

The disposal was made for portfolio management purposes.

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