CMC Magnetics (TPE:2323) disposed of 499,000 shares of Asustek Computer (TPE:2357) for a total of NT$318.8 million, according to a Taiwan Exchange filing on Monday.
Each company's shares dropped about 3% recently on Tuesday.
The shares were sold at an average price of NT$638.88 each, between July 16 and July 21.
The sale, which resulted in a loss of NT$8.7 million, was conducted for portfolio management purposes, it said.
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.