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ASMPT (00522.HK) Nosedives ~5% as Privatization Talks Lapse
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ASMPT (00522.HK) opened 6.1% lower at $75 today (12th). It once nosedived 7.4% to bottom at $74 in the early stage. The latest price was $76, down 4.88%, with 1.0717 million shares traded, involving $80.9952 million.

ASMPT had announced that it ceased discussions with the potential offeror regarding a possible privatization. According to hearsay, the potential buyer was a US private equity fund KKR (KKR.US).

Related NewsCiti: ASMPT's Privatization Talks End with ST Negative Impact, But TCB Growth Turning Pt to Arrive Next Yr

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