Asia
Innolux Unit to Sell Stake in Jadard Technology; Innolux's Shares Drop %
Innolux (TPE:3481) unit Ningbo Innolux Optoelectronics plans to dispose of up to 10.2 million shares of Jadard Technology at market price, according to a Friday Taiwan Exchange filing.Shares slumped about 10% in Monday's afternoon trade.The move is for financial planning purposes, the optoelectronic products manufacturer said.Innolux will disclose further details, including final pricing and proceeds, once the transaction is executed, it said.
TPE:3481
