IMO, this week Nanya has been the cause of MU's fall. They sold over 3m shares yesterday on a day when thee wasn't much volume for Micron. They have less than 5m shares left, which they may well be disposing of today. It will be good to have them go away.
nanya.com
| Subject | Announcement of Disposal of Micron's Shares | | Date | December 29, 2017 | | Announcement | Name of the securities:Micron Technology, Inc.'s Common StocksTrading date:2017/12/29Trading volume, unit price, and total monetary amount of the transaction:Trading volume: 3,263,688 shares; Average unit price:approximately US$ 42.199060 per share; Total monetary amount of the transaction:approximately US$137,725 thousandGain (or loss) (not applicable in case of acquisition of securities):profit:approximately US$ 81,211 thousandRelationship with the underlying company of the trade:noneCurrent cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges): 4,819,286 shares, NT$ 6,130,729 thousand, and approximately 0.42% of Micron's outstanding shares.Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operational capital as shown in the most recent financial statement:to the total assets:4.81%, to the shareholder's equity:5.79%, the operating capital:NT$ -8,815,317 thousandConcrete purpose/objective of the acquisition or disposal:to increase the working capital, repay the loan, etc.Do the directors have any objections to the present transaction?:noAny other matters that need to be specified:none |
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