CMC Magnetics (TPE:2323) sold 660,000 shares of Nanya Technology (TPE:2408) for NT$343.3 million, according to a Wednesday Taiwan Stock Exchange filing.
The shares were sold between Aug. 18 and Aug. 19 at an average price of NT$520.2 each, generating a gain of NT$10.9 million.
Following the transaction, CMC Magnetics held 4.5 million Nanya Technology shares, representing a 0.13% stake.
The company said the disposal was for portfolio management.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.