HK-listed ASMPT sinks as takeover talks end

ASMPT

12/11/2024 03:16

** Shares of ASMPT Ltd  0522.HK , 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  .HSNC  falls 1.3%,
Hang Seng Tech Index  .HSTECH  declines 1.4% and Hang Seng Index
 .HIS  eases 1%
    ** Stock up 3.6% YTD  


($1 = 7.7769 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))