Reported 11 months ago
TSMC announced the continuous repurchase of 295 shares of its own company stocks, totaling 1774 shares bought back at an average price of NT$969.68 per share, amounting to NT$2.86 billion, with a buyback execution rate of around 54.6%. The total value reached NT$16.84 billion. Foreign institutional investors continued to sell a total of 6,746 shares, resulting in the stock price closing at NT$970, reducing TSMC's market value to NT$25.15 trillion. TSMC clarified that the buyback was not for supporting the stock price but to offset the dilution effect caused by issuing new shares to employees with restricted stock rights.
Source: YAHOO