Bloomberg News

Taiwan Stocks: Inotera Memories, Nan Ya Printed, Uni-President

December 14, 2011

Dec. 14 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of 10:15 a.m. in Taipei.

The Taiex Index fell 0.1 percent to 6,890.91.

Inotera Memories Inc. (3474 TT) surged 6.8 percent to NT$4.38, set for the highest close since Nov. 17. The memory chipmaker plans to sell up to 1.5 billion new shares at NT$3.75 each, up to NT$5 billion ($165 million) of convertible bonds to Nanya Technology Corp. (2408 TT) and Micron Technology Inc.

Nan Ya Printed Circuit Board Corp. (8046 TT) lost 3.6 percent to NT$60.90, set for the lowest close since Feb. 24, 2009. The printed circuit board maker was kept at “sell” at Citigroup Inc., which cut its share-price estimate 21 percent to NT$57.

Uni-President Enterprises Corp. (1216 TT) retreated 2.2 percent to NT$42.30. The food manufacturer was cut to “neutral” from “buy” at Goldman Sachs Group AG.

--Editor: Marie-France Han

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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