Casetek Taiwan

Casetek shareholder raises $101 million from block trade

The undisclosed seller moved to lock in gains after an 82% rally in the share price since Casetek’s Taiwan IPO in January.

An unidentified shareholder of Taiwan’s Casetek Holdings sold a 5.8% stake in the company on Thursday evening, raising NT$3.02 billion $101 million.

Casetek, which makes metal casings for Apple’s iPad and iPad Mini as well as for other tablets, notebooks and desktops, listed on the main board of the Taiwan Stock Exchange just last January. This sell-down was really the first time that international investors got a chance to buy into the stock in bulk.

As is often the case with domestic Taiwan listings, the share price shot up on the first day of trading and has held up well...

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