Capital Group sells Siliconware chunk in block

The group's largest shareholder takes advantage of stock price momentum to offload one of its arm's stake.

Capital Group sells Siliconware chunk in block

The Capital Group has raised NT$13.5 billion $452 million from an accelerated block trade in Taiwan's Siliconware Precision Industries after Wednesday's close.

Capital Income Builder Fund and Capital World Growth Income Fund two funds under Capital Research sold 269.3 million shares at NT$50.20 per share. This represented the research arm's entire 8.6% stake.

Pricing represented a 6.9% discount to the company's close and the bottom end of an NT$50.20...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition