Taiwan-based Apple supplier challenged by investor over $4b cash pile, Financial Times reports

Reuters

07 August, 2022, 10:10 am

Last modified: 07 August, 2022, 10:15 am

Taiwan-based Apple supplier challenged by investor over $4b cash pile, Financial Times reports

Reuters

07 August, 2022, 10:10 am

Last modified: 07 August, 2022, 10:15 am

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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