Bloomberg News

Taiwanese Stocks: Acer, ILI Technology Corp., Microbio, Rexchip

July 03, 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.

The Taiex Index (TWSE) rose 1 percent to 7,418.36, its highest close since May 10.

Acer Inc. (2353) (2353 TT), Taiwan’s largest computer maker, added 0.8 percent to NT$31.15. The company said it plans to buy back 10 million shares at between NT$28 and NT$35 each from now to Sept. 2.

ILI Technology Corp. (3598) (3598 TT), a manufacturer of display drivers, gained 2.5 percent to NT$82.5. The company said unconsolidated sales rose 62 percent from a year earlier to NT$885.4 million ($29.6 million) in June.

Microbio Co. (4128) (4128 TT), a drugmaker, slipped 2.2 percent to NT$37.25. The company said unconsolidated sales in June fell 39 percent to NT$32.78 million.

Rexchip Electronics Corp. (4932) (4932 TT), a venture with bankrupt Japanese chipmaker Elpida Memory Inc., advanced 10 percent to NT$11.04, the highest close since Feb. 15. Powerchip Technology Corp. (5346) (5346 TT), a maker of memory chips, and a unit agreed to sell 691 million shares in Rexchip to Micron Technology Inc. for NT$9.7 billion. Powerchip jumped 6.9 percent to NT$0.62.

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at szhang5@bloomberg.net

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


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