Ascent Development to Sell Stake in Hanshin Shopping Plaza
Ascent Development (TPE:1439) intends to dispose of 3 million shares in Hashin Shopping Plaza for NT$480 million, according to a Tuesday filing with the Taiwan Exchange.The wool products maker will sell the shares to Han Shin Asset Management at NT$160 per share.The disposal will allow the company to replenish its working capital and focus on core business operations.