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Huang Hsiang Construction Sheds TSMC Stake Worth NT$519 Million

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Huang Hsiang Construction (TPE:2545) disposed of 220,000 shares in Taiwan Semiconductor Manufacturing (TSMC) (TPE:2330) for NT$518.9 million.

Shares of Huang Hsiang Construction gained over 1% while those of TSMC also edged up 1% in Tuesday's midday trade.

The shares were sold between May 25 and June 1 at an average price of NT$2,358.67 per share.

The transaction generated a gain of NT$28.2 million, the filing said.

The disposal was carried out to improve capital utilization efficiency, the company said.

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