January 13, 2017 / 9:37 AM / 7 months ago

Powertech to terminate share agreement with China's Tsinghua Unigroup -Taiwan exchange

TAIPEI, Jan 13 (Reuters) - Powertech Technology Inc is terminating its share agreement with China's Tsinghua Unigroup Ltd, the Taiwan Stock Exchange said on Friday.

The exchange, in a notice about pending announcements by listed companies, said the Taiwanese chip tester and packager will detail the termination in a disclosure soon.

In November, Tsinghua Unigroup said via one of its units that its plans to take a partial share in Powertech faced rising risks due to an ongoing regulatory review in Taiwan.

Powertech could not be immediately reached for comment. (Reporting by J.R. Wu)

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