Movement Alert|ASMPT Falls 3.24% in Regular Trading, Post-Divestiture Pressure Continues After NEXX Subsidiary Sale to Applied Materials

Market Focus06-08 09:46

On June 8, ASMPT fell 3.24% in regular trading, trading at HK$171.0/share, with trading volume of HK$115 million.

On the news front, ASMPT completed the divestiture of its wholly owned subsidiary ASMPT NEXX, Inc. to Applied Materials, Inc. on June 3, with a transaction price of US$120 million determined through a competitive bidding process. The company expects net proceeds of approximately US$116 million and a net gain of about HK$11 million. Following the transaction, ASMPT NEXX is no longer consolidated into the group's financial statements, effectively narrowing the company's SEMI segment product line.

The stock has been under sustained selling pressure since the deal closed, declining from HK$183.2 on June 2 to current levels. Within the Semiconductor Equipment sector, the overall tone remains weak, with SICC down 3.66%, Xinyi Solar down 3.56%, Flat Glass down 2.84%, GCL Tech down 2.74%, and Epiworld down 0.56%.

(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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