Powertech Technology Unit Buys Equipment for NT$1.7 Billion; Shares Rally 10%
Powertech Technology (TPE:6239) unit Terapower Technology will acquire testing equipment and spare parts worth NT$1.73 billion from Advantest Taiwan, according to a Friday Taiwan Exchange filing.Shares jumped nearly 10% in Monday's afternoon trade.The purchase took place between April 10 and May 22, and covered a batch of machinery equipment for production operations, it said.