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Taiwanese Apple supplier battles activists over $4bn cash pile DomeDIGITA

August 8, 2022
Source: domedigita.com domedigita.com
News Snapshot:
An Apple supplier based in Taiwan is battling an international investor over its multibillion-dollar cash pile in a case that signals burgeoning shareholder activism in the territory. Catcher Technology, which manufactures electronic casings for Apple devices made in China, is being challenged by Hong Kong-based investment firm Argyle Street Management to improve its governance and return some of its $4.2bn of net cash to shareholders, according to people familiar with the discussions. Argyle holds about 1 per cent of Catcher’s shares and is one of a number of its foreign institutional shareholders alongside Franklin Templeton, Singapore’s GIC and Cathay Life...
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Tags: Activist | Apple | Automotive | bank | China | Chinese | Dollar | Gadgets & Electronics | Hong Kong | HSBC | Hunan | insurance | investment | iPhone | Japan | made in China | manufacturing | revenue | stock exchange | stock market | supplier | supply chain | Taipei | Taiwan | technology

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