In a stock exchange filing on Friday, Asustek said the company and its venture capital unit, Asustek Holdings Ltd (華誠創投), had bought D-Link shares on the open market “during the fourth quarter of last year” on consideration of “short-term efficiency of capital utilization.”
“The D-Link holding is purely for investment purchases. It has no other objectives,” Nick Wu (吳長榮), deputy director at Asustek’s finance and accounting division, said by telephone.
Wu said there has been no trading in D-Link shares since then and the company had no intention to buy more D-Link shares.
Asustek also holds United Microelectronics Corp (聯電) shares in its stock portfolio, Wu said.
The company has held the world’s second-biggest contract chipmaker’s shares for at least 10 years, also for financial purpose, he said.
Asustek shares have risen 26.9 percent so far this year and closed at NT$46.7 on Friday, while those of D-Link have increased 22 percent to NT$28, Taiwan Stock Exchange data showed.
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