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Accton Technology's Vietnam Unit to Acquire Right-of-Use Assets for $15 Million; Shares Drop 4%

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Accton Technology (TPE:2345) board approved the acquisition of right-of-use assets for its unit, Vietnam Accton Technology, for $15.1 million, according to a Monday Taiwan Exchange filing.

Shares fell over 3% in Tuesday's early afternoon trade.

The assets will be acquired from CSI SEMICON. The acquisition covers land measuring about 24,861 square meters and buildings with a floor area of about 38,256 square meters in Phu Tho Province, Vietnam.

The deal is a part of the company's long-term expansion plan, it said.

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