ASUS to sell its stake in Pegatron

Posted on Thursday, March 29 2012 @ 21:33 CEST by Thomas De Maesschalck

DigiTimes reports Asustek plans to let go off its stake in Pegatron:

Asustek Computer plans to release gradually its holdings of a 24.5% stake in Pegatron Technology in Taiwan's securities market starting May, according to a Chinese-language Commercial Times report.

Asustek is expected to generate investment income of NT$2.8-3.8 billion (US$94.69-128.51 million), or an additional earning of NT$3.7-5 per share, through the sale of Pegatron's shares, the paper estimated.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments

Share this story!