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Synnex’s(2347TW) subsidiary, Peer, BOD on 2018/1/17 resolved to dispose of 349,000 shares in Synnex Corporation (SNX) through block trade to increase working capital and to have better return.

The transaction has been completed at the price of US$130.3 per share on 2018/1/17. The total amount was US$45 million, NT$ 1.34bn and the profit taking was US$25 million, NT$0.74bn, contribute to EPS 0.44. After the transaction, the shareholding of Synnex Corporation (SNX) would be 3.86 million shares and market capitalization amounted to US$0.5 bn.

Synnex Core Joint Venture business showed outstanding performance, raising the market capitalization in recent years. The market capitalization from Synnex US, Redington and Synnex Thai totaled to US$0.92bn equivalent to NT$27bn, as well as potential profit amounted of US$0.52bn equivalent to NT$15bn.