Egis sells 9.47% iCatch stake for TWD 540M, ASMedia takes lead

What's the deal? Egis Technology (TPEX:6462) has sold part of its stake in iCatch TechnologyDealroom has a profile for this one. Try Dealroom → (TPEX:6695), transferring a 9.47% holding for about TWD 540 million. The deal made ASMedia TechnologyDealroom has a profile for this one. Try Dealroom → the largest shareholder of iCatch, an IC design company.

Why now? The transfer closed on January 11, 2022, following a tender offer that ran from December 23, 2021. Egis said the sale was a routine adjustment to its group equity holdings.

What's the endgame? Egis said the move was intended to improve capital efficiency and optimise its ownership structure. It disclosed no further details on the terms.

The signal: The reshuffle points to continued portfolio optimisation among Taiwan's chip designers as they reallocate resources and sharpen capital discipline.

Read more: AInvest

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