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2308 — Delta Electronics News Story

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Luxshare, Foxconn Industrial fall on US patent probe

BUZZ-Luxshare, Foxconn Industrial fall on US patent probe

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** Shenzhen shares of Luxshare Precision Industry 002475.SZ fall 2.8% in the fourth straight declining session to 46.28 yuan

** Hong Kong-listed stock 2475.HK slips 0.2%

** Chinese Apple supplier Luxshare said it expected little negative impact from a newly launched US patent infringement investigation, and the company was actively working to respond and protect shareholder interests

** Luxshare said the US International Trade Commission (ITC) on October 9 launched a Section 337 investigation into the company and its subsidiary Dongguan Luxshare Technology over patent infringement claims brought by US company Vicor Corp

** Foxconn Industrial Internet 601138.SS, also being investigated by the US ITC, says the investigation has no material impact on its production and operations

** Foxconn Industrial Internet stock falls 7.1% to 52.08 yuan, the lowest point since April 7

** Taiwan-listed Delta Electronics 2308.TW, also a subject of the US ITC investigation, says it will "actively respond" in accordance with procedures to protect its interests

** Delta Electronics shares drop 3.3%

** Benchmark CSI300 Index .CSI300 slips 0.1%


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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