Bloomberg News

Taiwan Equity Movers: Ichia Technologies, Silitech, Ta Chong

May 30, 2012

Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei trading.

The Taiex Index dropped 1.1 percent to 7,261.80, following a 2.9 percent rally yesterday. The gauge has fallen 3.2 percent in May, poised for the third straight monthly drop.

Research In Motion (RIMM:US) Ltd.-related suppliers: Ichia Technologies Inc. (2402) (2402 TT) lost 2.2 percent to NT$15.7. Silitech Technology Corp. (3311) (3311 TT) dropped 0.3 percent to NT$68.9. Unitech Printed Circuit Board Corp. (2367) (2367 TT) declined 0.9 percent to NT$11.2. Research In Motion, reeling from sluggish BlackBerry sales, forecast a surprise operating loss for the first quarter and hired banks to advise on strategic options.

Ta Chong Bank Ltd. (2847) (2847 TT) lost 5 percent to NT$9.18, taking a four-day slump to 22 percent. The company said on May 25 Yuanta Financial Holding Co. and Fubon Financial Holding Co. have stopped merger-related assessments and procedures.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

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


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