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Wistron Falls to Two-Week Low After 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.

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