Wistron Shares Drop to Two-Week Low in Taipei on Plan to Sell New Shares

Wistron Corp. fell to the lowest in two weeks in Taipei trading after the laptop maker’s board approved a plan to sell up to 60 million new shares through a secondary public offering.

The stock dropped 2 percent to NT$60.30 as of 10:12 a.m., set for the lowest since Nov. 18. The company also plans to sell no more than 150 million new shares through the issue of Global Depositary Receipts.

To contact the reporter on this story: Weiyi Lim in Taipei at wlim26@bloomberg.net

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net

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