In today’s briefing:
- ASMedia Placement – Momentum Has Been Strong, but an Overhang Exists
ASMedia Placement – Momentum Has Been Strong, but an Overhang Exists
- WT Microelectronics (3036 TT) is looking to raise US$256m from selling half of its stake in Asmedia Technology (5269 TT).
- The deal wouldn’t be a very large one to process at just 3.4 days of ASMedia’s ADV.
- Although, the selldown doesn’t appear to be particularly well flagged. The remaining WT Microelectronics’ stake will also create an overhang on ASMedia’s share price as well.
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