SoftBank Group Corp. reduces its stake in Taiwan Semiconductor by 72%, as disclosed in exchange filing documents
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The filing submitted to the U.S. Securities and Exchange Commission on Friday shows that SoftBank Group has reduced its holdings in Taiwan Semiconductor Manufacturing Company (TSMC) by 72%.
The quarterly filing indicates that as of the end of June, SoftBank held 565,000 shares of TSMC American Depositary Receipts, with a market value of $270 million; whereas in the previous quarter, the company disclosed holding 1.985 million shares, corresponding to a market value of $671 million