Asia
Nanya Technology Buys Factory Equipment Worth NT$307 Million; Shares Drop 4%
Nanya Technology (TPE:2408) approved the acquisition of a batch of factory equipment worth NT$307.2 million, according to a Tuesday Taiwan Exchange filing.Shares dropped about 4% in Wednesday's midday trade.The equipment will be supplied by a related party, Formosa Smart Energy Tech, and will be used for production and operational purposes.The company said the purchase is part of normal operational needs.
TPE:2408