MediaTek Unit Sells Stake in Goodix Technology for 576 Million Yuan

MT Newswires Live10-19 11:36

MediaTek's (TPE:2454) subsidiary, Gold Rich International (HK), sold 9.3 million shares of Shenzhen Goodix Technology (SHA:603160) for around 576 million yuan between March 27 and Oct. 16, according to a Friday filing to the Taiwan stock exchange.

The Taiwanese chipmaker's shares were down over 1% in Monday's trade.

The shares were sold at an average price of 61.96 yuan each, leading to a disposal gain of around 446 million yuan, the company said.

Following the disposal, Gold Rich held 3.83 million Goodix shares, amounting to 0.82% of Goodix's share capital. Gold Rich's remaining stake was valued at approximately NT$825 million based on Goodix's closing share price of 47.26 yuan on Oct. 16.

The transaction had no impact on net income after tax or earnings per share, the company said.

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