Asia
King Yuan Electronics to Acquire Machinery Equipment Worth NT$1 Billion; Shares Drop 3%
King Yuan Electronics (TPE:2449) approved the acquisition of 197 sets of machinery equipment worth about NT$1.03 billion, according to a Wednesday Taiwan Exchange filing.Shares slid about 3% in Thursday's afternoon trade.The equipment was purchased from Tokyo Electron, and will be used for production purposes.
TPE:2449
