PETALING JAYA: Taiwanese firm Wistron Corp has emerged as a substantial shareholder in Formosa Prosonic Industries Bhd after acquiring 69.26 million shares from certain shareholders-cum-directors of the company.
Filings with Bursa Malaysia showed that Wistron had paid 80 sen a share on Monday for the 28% stake, which works out to RM55.4mil. Shares in Formosa Prosonic fell one sen to 91 sen yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!