As the largest institutional shareholder in Diodes, Lite-On Semiconductor said it remains open to disposing of shares of the company in order to boost profits, according to Lite-On Semiconductor general manager CC Chen as cited by a Chinese-language Commercial Times report.
Diodes has been named among "America's 200 Best Small Companies" by Forbes in October for the fourth consecutive year, ranking 16th overall and second in five-year earnings per share (EPS) growth .
Chen was cited by the Commercial Times as saying that Lite-On now holds about a 22% stake in Diodes with a profit face value of about NT$9.4 billion (US$287.6 million), which translates into an EPS contribution of NT$20 if Lite-On completely disposes of its stake in Diodes. He said Lite-On remains open to releasing its shares in Diodes without hurting the relationship of both parties as the stock price of Diodes has remained high recently.
Article translated by Esther Lam and edited by Eric Mah
