Taiwan edition · Insider dealings
Fortune Electric director declares plans to transfer NT$2.1bn of shares
Three filings by the machinery maker’s director account for share transfers valued at NT$2.1bn, NT$1.3bn and NT$1.2bn.
Insiders declared 93 plans to transfer NT$9.1bn of shares over the past week. Private sales and block trades accounted for 82 per cent of the total value. A director at machinery maker Fortune Electric submitted three declarations starting 14 October to transfer shares in private sales to named buyers.
The largest Fortune Electric filing covers 3,104,840 shares worth NT$2.1bn. A second filing covers 1,899,377 shares worth NT$1.3bn. A third covers 1,670,923 shares worth NT$1.2bn. Over the week, the Taiex fell 4.5 per cent to 47,111.
Monthly reports for September showed insiders made 1702 increases to holdings worth NT$36.7bn. They made 871 cuts worth NT$34.5bn over the same month. At healthcare group Pell Bmt, a holder of more than 10 per cent raised a holding by NT$4.5bn. The chairman raised a holding in Pell Bmt by NT$3.1bn.
Cuts included a NT$3.9bn sale on the exchange by Formosa Sumco Technology's vice-chairman in August. A holder of more than 10 per cent in Kinsus Interconnect Technology sold NT$11.0bn of shares on the exchange in September.
Companies in this column: Formosa Sumco Technology, Fortune Electric, Pell Bmt, Kinsus Interconnect Technology.