ASMPT explores strategic options for its SMT solution business

ASMPT (0522), a Singapore-based semiconductor equipment manufacturer, is initiating an assessment of strategic options for its surface mount technology solutions segment, as part of the company's transition process.

A range of options may be considered, including a divestiture, joint venture, spin-off and public listing, or retaining and supporting the strategic development of SMT to ensure its long-term success and value creation, the company announced on Wednesday.

The SMT solutions division will continue to operate as usual during the assessment period.

ASMPT noted that the aim of the assessment is to identify potential opportunities that best support the long-term growth and success of SMT while also allowing ASMPT to focus on its growing semiconductor solutions segment.

ASMPT's stock price rose 4.41 percent to HK$101.90 as of the publish of this report.