Media Tek ends disclosure bind after Ali Corp sell down
Taiwanese semi-conductor company Media Tek raised T$1.53bn ($52.2m) this week after selling a 13.20% stake in local IT company Ali Corp, selling its stake to a point at which it no longer needs to publically disclose future sales.
The company announced it planned to sell the stake over a month ago, giving investors time to analyse Ali Corp before the leads started marketing. That made book-building easier, and meant the books were closed an hour after they opened.
Investors were impressed by Ali Corp's prime position designing ...Please take a trial or subscribe to access this content.
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