On June 9, ASMPT rose 3.18% in regular trading, trading at 175.9 HKD/share, with trading volume of HKD 251 million. The stock staged a technical rebound after accumulating over 6% in losses since early June.
On the news front, ASMPT completed the divestiture of its wholly owned subsidiary ASMPT NEXX, Inc. to Applied Materials, Inc. on June 3 for USD 120 million, with estimated net proceeds of approximately USD 116 million and a net gain of about HKD 11 million. The purchase price was determined through a competitive bidding process, with Applied Materials submitting the highest bid. Following the transaction, ASMPT NEXX is no longer consolidated into the group financial statements, narrowing the SEMI segment product portfolio.
The stock had been under sustained selling pressure since the deal closed, declining sharply on June 5 and June 8 as the market repriced the company on concerns over reduced revenue scale. Today's rebound reflects improved market expectations regarding capital redeployment of the proceeds.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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