Reported 12 months ago
FTNN News, July 3, 2024 - Taiwan semiconductor company, SilTong (2363), announced a significant reduction of 35% in its share capital by swapping all existing common shares with newly issued shares, leading to concerns among investors about their returns and the company's future performance. Investors are expressing mixed reactions, with some feeling disappointed and questioning the impact on their investments, while others view it as a standard stock market process. SilTong's decision to exchange stocks and return part of the investment in cash has triggered various responses within the investing community.
Source: YAHOO