Hon Hai Precision Industry (TPE:2317), also known as Foxconn, said its unit Foxconn Industrial Internet decided to dispose of its holdings in Digiwin through on-market transactions, according to a Wednesday Taiwan Exchange filing.
Shares slid about 4% in Thursday's afternoon trade.
The deal is part of a portfolio adjustment aimed at realizing investment returns.
Following the sale, Foxconn Industrial Internet will still hold 33.6 million Digiwin shares, representing a 12.4% stake, it said.
Yunnan Tin Co. (SHE:000960) controlling shareholder Yunnan Tin Group and concert party Gejiu Xidu Industrial trimmed their holdings in the listed company by 13.25 million shares from May 26 to June 3, representing 0.81% of the company's total share capital.Yunnan Tin trimmed 4.61 million shares through block trading and 8.64 million through centralized trading, according to a Thursday filing with the Shenzhen bourse.Shares fell nearly 4% during the midday break on Thursday.
MetaOptics' (SGX:9MT) proposed dual listing on the Nasdaq Stock Market remains on track, according to a Wednesday filing with the Singapore Exchange.Shares of the semiconductor optics company slid over 3% during Thursday trading.The company has received an SGX listing and quotation notice for the new shares tied to the Nasdaq listing, with the new shares to be placed out by July 31, in compliance with bourse directives.
Atlanta Electricals (NSE:ATLANTAELE, BOM:544527) has received an order worth 2.85 billion Indian rupees from the Punjab State Transmission Corporation for the supply of power transformers, according to a Wednesday filing with the Indian stock exchanges.The company's shares were up 5% in early trade on Thursday.The contract covers the supply of 23 units of 160 MVA, 220/66 kV power transformers along with nitrogen injection fire prevention and extinguishing systems (NIFPES) and optional spares.Punjab State Transmission Corporation has been a customer of the company since 2018, and Atlanta has supplied around 200 transformers with an aggregate installed capacity of around 5,000 MVA across the state of Punjab in India.