BUZZ-HK-listed ASMPT sinks as takeover talks end

Reuters
2024-11-12

** Shares of ASMPT Ltd , a global provider of technology and equipment used in the manufacture of chips, fall as much as 7.4% to HK$74, their lowest since Aug. 12

** Stock on track for the biggest one-day pct fall since Sept. 9, if trend holds; on course for the fifth straight session of decline

** ASMPT, with current market capitalisation of $4.10 bln, said on Monday it has ended takeover talks with a potential suitor, without disclosing the company's identity

** Hang Seng Commerce & Industry Index falls 1.3%, Hang Seng Tech Index declines 1.4% and Hang Seng Index

eases 1%

** Stock up 3.6% YTD

($1 = 7.7769 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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