Dutch parent sells ASM Pacific block post blackout

ASM International raised $270 million and cut its stake to about 34.2% from 39.1% after its Hong Kong-listed unit posted strong quarterly results.

ASM International (ASMI) lost little time in raising $2.1 billion ($270 million) from the sale of a 4.9% stake in its Hong Kong-listed subsidiary ASM Pacific Technology late Monday, just two trading days after the unit announced stellar results for the first three months of the year.

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