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Top Bright Unit Sells 50 Million Yuan Structured Deposits; Shares Down 5%

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Top Bright (TPE:8499) unit Long Young Electronic (Kunshan) disposed of 50 million yuan in structured deposits with China CITIC Bank (SHA:601998), according to a Friday Taiwan Exchange filing.

The transaction comprised the disposal of 30 million yuan and 20 million yuan in structured deposits and generated a profit of approximately NT$765,000.

Top Bright said the transaction was conducted as part of the unit's short-term investment activities.

Shares of the electronics manufacturer were down nearly 5% in recent trade.

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