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Thursday, March 28, 2024

Taiwan Semiconductor to Sell 6% of Motech Industries

Courtesy of Benzinga.

Taiwan Semiconductor (NYSE: TSM) today announced to sell 29.16 million common shares of Motech Industries, Inc. (“Motech”), or approximately 6% of Motech’s paid-in-capital. After the sale, TSMC will hold approximately 12% of Motech shares. TSMC intends to exit from its financial investment in Motech in an orderly manner in the future.

Posted-In: News Asset Sales Insider Trades Press Releases

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