Taiwan-based Apple supplier challenged by investor over US$4 billion cash pile: Report

S Korea takes steps to stabilise local stock markets

Catcher Technology, an Apple 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 US$4.2 billion of net cash to shareholders, the Financial Times reported on Saturday citing people familiar with discussions.

Argyle holds about 1 per cent of Catcher’s shares, the report added.

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