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FINWIRES

ASE Technology Unit to Buy Machinery, Equipment for NT$1 Billion; Shares Rally 10%

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ASE Technology (TPE:3711) unit Advanced Semiconductor Engineering will acquire machinery and equipment worth about NT$1.01 billion from ALL RING TECH, according to a Thursday Taiwan Exchange filing.

Shares jumped 10% in Friday's late morning trade.

The transaction, conducted between May 14 and May 21, covers a batch of machinery and equipment for production and operations, the filing said.

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