Taiwan-based Apple supplier challenged by investor over $4 billion cash pile- FT

Catcher Technology Co

07/08/2022 01:37

Aug 6 (Reuters) - Catcher Technology Co Ltd  2474.TW , an
Apple  AAPL.O  supplier based in Taiwan, is being challenged by
a Hong Kong-based investment firm Argyle Street Management to
improve its governance and return some of its $4.2 billion of
net cash to shareholders, the Financial Times reported https://www.ft.com/content/cc440b45-2440-4021-9d83-e010dc9709d4
 on Saturday citing people familiar with discussions. 
    Argyle holds about 1% of Catcher's shares, the FT report
added. 

 (Reporting by Akanksha Khushi in Bengaluru; Editing by Lisa
Shumaker)
 ((Akanksha.Khushi@thomsonreuters.com;))