TSMC sells ADRs for Philips

October 21, 2003 – TSMC has applied to issue $1.14 billion worth of American Depositary Receipts on behalf of Royal Philips Electronics NV, one of its largest shareholders, according to Dow Jones. Earlier this month Philips had said it would sell 500 million shares in TSMC to reduce its stake from 21.5% to 19.1%.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.