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The latest announcement is out from ASM Pacific Technology ( (HK:0522) ).
ASMPT Limited has announced the voluntary liquidation of its wholly-owned subsidiary, ASMPT Equipment (Shenzhen) Co., Ltd., as part of a strategic move to optimize its global supply chain. This decision, affecting approximately 950 staff, is expected to enhance the company’s cost competitiveness and operational efficiency, with estimated annual savings of RMB115 million, despite incurring one-off restructuring costs of RMB360 million.
The most recent analyst rating on (HK:0522) stock is a Hold with a HK$58.00 price target. To see the full list of analyst forecasts on ASM Pacific Technology stock, see the HK:0522 Stock Forecast page.
More about ASM Pacific Technology
ASMPT Limited operates in the semiconductor industry, focusing on manufacturing solutions. The company is known for its semiconductor equipment and materials, catering to global market demands.
YTD Price Performance: -7.34%
Average Trading Volume: 1,967,658
Technical Sentiment Signal: Hold
Current Market Cap: HK$28.72B
See more insights into 0522 stock on TipRanks’ Stock Analysis page.