Taiwan-based Apple supplier challenged by investor over $4b cash pile, Financial Times reports
Apple logo is seen in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Catcher Technology Co Ltd, an Apple supplier based in Taiwan, is being challenged by a Hong Kong-based investment firm Argyle Street Management to improve its governance and return some of its $4.2 billion of net cash to shareholders, the Financial Times reported on Saturday citing people familiar with discussions.
Argyle holds about 1% of Catcher's shares, the FT report added.
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