STOCK ATTACK: The firm emphasized its strong revenue performance and investor structure, but said it might force short-sellers to buy back if abnormal trading worsens

Taipei Times
Date: Nov 22, 2017
By: Lisa Wang  /  Staff reporter, in Hsinchu

Phison Electronics Corp (群聯電子), a designer of NAND flash memory controllers and modules, yesterday said it is prepared to counter a potential hostile takeover and vulture investors’ attacks on its stock price.

Phison shares have over the past three months sunk more than 20 percent to NT$330.5 yesterday, valuing the company at NT$65.11 billion (US$2.17 billion) and exposing it as vulnerable to a takeover.

“We have found abnormal trading of the company’s stock over the past months. We are worried about a possible hostile takeover or an attack by vulture investors,” Phison founding chairman Pua Khein-seng (潘健成) told a media briefing.    [FULL  STORY]