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ASUS to sell its stake in Pegatron

Posted on Thursday, March 29 2012 @ 21:33:14 CEST by

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.



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