Taiwan's Merry Electronics falls after regulator rejects China investment plan

Merry Electronics Co

01/07/2016 02:00

** Micro electro-acoustics company Merry Electronics Co Ltd 
 2439.TW  falls as much as 7.8 pct 
    ** Stock on track to snap a four-session gain 
    ** Company stock falls after Taiwan regulator said it was 
rejecting plan by unit of China's Luxshare Precision Industry Co 
 002475.SZ  to take quarter stake in the Taiwanese firm 
 urn:newsml:reuters.com:*:nL4N19M3SG 
    ** Marks the first rejection of Chinese capital in a 
technology firm under the new Democratic Progressive Party 
government, which is more wary of China     
 
 (jr.wu.thomsonreuters.com@reuters.net)