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CMC, Ritek estimated to see big asset value losses based on new financial accounting standards

Irene Chen and Jimmy Hsu, Taipei; Adam Hwang, DIGITIMES 0

CMC Magnetics and Ritek, the top two makers of optical discs in Taiwan, suffer large decreases of an estimated NT$4.7 billion and NT$5.0 billion, respectively, in total asset value pursuant to the new accounting rules “Accounting Standards for...

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