CMC Magnetics (TPE:2323) acquired about 2.2 million shares of Dynapack International Technology for NT$402.3 million.
The shares were purchased between April 22 and May 21, at an average price of NT$184.61 apiece, according to a Wednesday filing with the Taiwan Exchange.
Following the acquisition, CMC now holds a total of 379,000 shares, representing 0.25% of Dynapack's total shares.
The optical storage products manufacturer said the purchase was part of its portfolio management strategy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.