ASE shares soar ahead of new company’s listing - News Summed Up

Trending Today

ASE shares soar ahead of new company’s listing

ASE shares rose 2.59 percent to close at NT$45.50, while SPIL shares closed up 0.20 percent at NT$51. ASE shares outperformed the broader market, where the weighted index closed down 0.1 percent in reflection of the weakness on Wall Street on Friday last week. Today is the final day of trading for ASE and SPIL shares in Taipei and the US before they are delisted. Under the deal, ASE shareholders are to receive 0.5 shares of the new company for every common share held, while SPIL shareholders are to receive NT$51.2 cash per share from ASE. It is possible for ASE shares to challenge the NT$50 mark before the stock’s delisting, the brokerage said.

Source: Taipei Times April 16, 2018 15:56 UTC