Taiwan edition · Insider dealings
Insiders cut NT$21.0bn of holdings as planned transfers mount
Monthly declarations showed cuts outstripped increases across Taiwan's listed groups while planned transfers reached NT$2.4bn over the past week.
Corporate insiders in Taiwan disclosed NT$21.0bn ($658.7mn) of holding cuts in September against NT$12.3bn ($385.6mn) of increases. Disposals were led by an NT$11.0bn ($346.5mn) exchange sale in chipmaker Kinsus Interconnect Technology by a holder of more than 10 per cent. Nang Kuang's holder of more than 10 per cent cut an NT$630.4mn ($19.8mn) holding in the healthcare group.
Insiders registered 51 planned share transfers across 16 companies over the past week, valued at NT$2.4bn ($74.7mn). Elite Semiconductor Microelectronics Technology's director declared plans for an on-market sale of 1,621,000 shares worth NT$449.0mn ($13.8mn). GTG's director filed plans to sell 10,300,000 shares valued at NT$297.7mn ($9.1mn) in an after-hours fixed-price sale.
The Taiex fell 3.6 per cent in the latest session to close at 43,308 on 3 November. That extended its drop over the past month to 9.7 per cent, with 141 of the 150 largest listed companies declining in the session.
Companies in this column: Elite Semiconductor Microelectronics Technology, GTG, Kinsus Interconnect Technology, Nang Kuang.