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ASE Technology Unit to Inject $120 Million into Vietnam Unit

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ASE Technology (TPE:3711) unit Universal Scientific Industrial (Shanghai) will inject $120 million into its indirectly unit, Universal Scientific Industrial Vietnam.

The capital injection will be made through Universal Scientific Industrial (Shanghai)'s unit Universal Global Technology, according to a Thursday Taiwan Exchange filing.

The investment is intended to support business development needs.

Following the injection, Universal Scientific Industrial (Shanghai) will continue to hold a 100% stake in the Vietnam subsidiary, it said.

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