Synnex Technology International's Unit Divests Concentrix Shares for Nearly $27 Million

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Synnex Technology International's (TPE:2347) subsidiary, Peer Development, sold around 1.1 million shares in Concentrix at $25.5 apiece for a total consideration of $26.8 million, according to a Saturday filing with the Taiwan Exchange.

The IT products distributor said the disposal was aimed at boosting working capital and leaves Peer's stake in Concentrix at 5.39%.

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