ASMPT is expected to incur a one-time restructuring charge of US$50 million, covering severance, shutdown costs and inventory write-offs
“Comprehensive support measures are being put in place to assist impacted staff through the transition,” ASMPT said. “Other key global manufacturing operations are unaffected by the closure.”
ASMPT earlier disclosed that it would incur a one-time restructuring charge of around 360 million yuan (US$50 million), covering severance, shutdown expenses and inventory write-offs. The company expected the voluntary liquidation to save it 115 million yuan annually in operating costs based on current production levels.
The company’s shares closed up 2.1 per cent to HK$70.20 on Monday.
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