Taiwan Stocks: Huaku Development, Inotera Memories, Inventec
Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the 1:30 p.m. close in Taipei.
The Taiex Index rose 79.96 points, or 1.1 percent, to 7,211.96. The gauge slipped 0.2 percent this week.
Huaku Development Co. (2548 TT) gained 1.6 percent to NT$62, snapping a three-day drop. Huaku bought 442 square meters of land for NT$883 million ($29 million) in Taipei in the past 12 months, the company said in a statement to the Taiwan stock exchange.
Inotera Memories Inc. (3474) (3474 TT) advanced 2.1 percent to NT$6.35. The memory-chip maker plans to sell 1.1 billion new shares at a tentative price of NT$7 each, it said in a statement to the Taiwan stock exchange yesterday. The proceeds will be used to buy equipment and repay debt, the company said.
Inventec Corp. (2356 TT) lost 3.8 percent to NT$11.35, the biggest decline since Sept. 22. Inventec said it will shut its tablet computer production because of “changes in the macro environment and external factors,” the Taipei-based company said in an exchange statement.
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