Hong Kong-listed ASMPT climbs on unit sale to Applied Materials

ASMPT

04/05/2026 03:03

** Shares of ASMPT Ltd 0522.HK climb 4.6% to HK$170.6, on track for their biggest one-day pct gain since April 24

** Stock touches the highest point since April 28, and on course to snap two declining sessions

** Semiconductor hardware and software solutions provider says its unit has agreed to sell entire AAMPT Nexx Inc to Applied Materials Inc AMAT.O for $120 mln in cash subject to adjustments

** Say sale of the electrochemical deposition equipment supplying unit will sharpen its focus on the back-end packaging business and to reallocate resources in line with its strategic priorities

** YTD, stock up 115.9%, benchmark Hang Seng Index .HSI up 2.2%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))