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A Taiwan-primarily based Apple supplier is battling an intercontinental investor for its multibillion-greenback money hoard, a signal that shareholder activism is booming in the location.
Kecheng Know-how, which can make digital casings for Chinese-produced Apple equipment, is currently being challenged by Hong Kong investment decision business Argyle Avenue Management to boost governance and return some of its $4.2 billion in web dollars to shareholders, according to individuals familiar with the issue.
Taiwanese Apple suppliers fight activists more than $4 billion money hoard comes via ChinaTechNews.com.