Powerchip Investment Holding files suit over NT$13.6B share-buying bid

T2Covered by 1 source · first reported by JP/KR/TW: Korea Herald / Taipei Times / DigiTimes at 02 Nov, 10:14 UTC

Powerchip Investment Holding has filed a complaint over an alleged plan by unidentified buyers to acquire a 20% stake through coordinated share sales for more than NT$13.6 billion (US$417.4 million), raising concerns over the legality of the offer and the source of the funds.