Taiwan-based Apple supplier challenged by investor over $4 billion cash pile- FT

Aug 6 (Reuters) – Catcher Technology Co Ltd (2474.TW), an Apple (AAPL.O) 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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Reporting by Akanksha Khushi in Bengaluru; Editing by Lisa Shumaker

Our Standards: The Thomson Reuters Trust Principles.

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