China's sovereign wealth fund reportedly is considering investing in Taiwan-based Advanced Semiconductor Engineering and the back-end service supplier's affiliate Hung Ching Development & Construction. But ASE has maintained that China's sovereign wealth fund has neither been in touch with the company or the subsidiary, nor made any investment.
Taiwan's Ministry of Economic Affairs in June maintained that China's sovereign wealth fund is not allowed to invest in Taiwan companies.
Despite the ban, rumors have recently circulated that China's sovereign wealth fund is mulling taking a stake in ASE. Some versions of the rumors have claimed that the fund is looking to acquire a 5-15% stake in ASE at a price of NT$39 per share
About Stock Einstein
StockEinstein uses proprietary technologies coupled with years of experience to uncover stocks we feel have the greatest potential for breakout performance. We utilize not only software, but time tested criteria to uncover these potential winners. When these benchmarks are reached or exceeded, our subscribers are immediately notified.
This service is free and available only to subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
Disclaimer: Full disclaimer at http://StockEinsteain.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinsteain, nor any of its affiliates are registered investment advisors or broker dealers.
