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© bahar bostanci dreamstime.com Business | April 26, 2017

ASMI sells 5% stake in ASMPT

ASM International N.V. sell a stake of 20 million shares of the total outstanding share capital in ASM Pacific Technology Ltd. (ASMPT) through a partial secondary share placement.
ASM International N.V. has placed a total of 20'000'000 ordinary shares of ASMPT at a price of HKD 105.00 per share to institutional and other professional investors through a partial secondary share placement. This represents a stake of approximately 5 percent in ASMPT. The offering generated cash proceeds of a total amount of HKD 2.1 billion (approximately EUR 248 million). ASMI has agreed to a 180-day lock-up period.

ASMI continues to be the largest shareholder in ASMPT with a stake of approximately 34 percent.

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November 14 2017 8:30 PM V8.8.9-2