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Taiwanese Apple suppliers fight activists more than $4 billion money hoard

August 7, 2022
Source: archynetys.com archynetys.com
News Snapshot:
A Taiwan-primarily based Apple supplier is battling an intercontinental investor for its multibillion-greenback money hoard, a signal that shareholder activism is booming in the location. Kecheng Know-how, which can make digital casings for Chinese-produced Apple equipment, is currently being challenged by Hong Kong investment decision business Argyle Avenue Management to boost governance and return some of its $4.2 billion in web dollars to shareholders, according to individuals familiar with the issue. focus on. Argyle owns about 1% of Kecheng and is a person of its several international institutional shareholders, alongside with Franklin Templeton, Singapore’s GIC and Cathay Lifestyle. The enterprise...
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