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Shares of Largan Precision Co (大立光) rose 7.2 percent yesterday, beating the broader market’s 0.83 percent increase, Taiwan Stock Exchange data showed, one day after the supplier of smartphone camera lenses announced that it was to implement its first-ever buyback program for two months from yesterday. About 2.46 million Largan shares changed hands yesterday, the most since Jan. 6, stock exchange data showed. Largan’s board of directors on Monday approved the buyback program in a bid to support its share prices and safeguard the interests of shareholders, the company said in a regulatory filing. Its shares closed at NT$2,160 yesterday in Taipei trading, ....
D-Link eyes US boost via share deal with Cameo TRADE DISPUTE FACTOR: An analyst said the private placement would boost the partnership between the two firms, and deepen their cooperation on products By Angelica Oung / Staff reporter Networking equipment maker D-Link Corp (友訊科技) on Tuesday said it plans to participate in a private placement of common shares in Cameo Communications Inc (友勁科技), aiming to bolster its partnership with the networking and communication products supplier. D-Link plans to invest NT$800 million (US$28.19 million) to acquire 97.68 million Cameo Communications shares at NT$8.19 per share, D-Link chairman John Lee (李中旺) told a news conference at the Taiwan Stock Exchange after the firm’s board of directors approved the proposal earlier on Tuesday. ....