HK Stock Market Move | ASMPT(00522) rose nearly 4%. Currently, the company's SMT solution division is initiating a strategy and evaluation plan.

ASMPT (00522) rose nearly 4%, as of the time of writing, it rose 3.89% to 101.4 Hong Kong dollars, with a transaction volume of HK$ 51.104 million. On the news front, on January 21, ASMPT announced that it has initiated a strategic assessment of its Surface Mount Technology (SMT) Solutions Division. The evaluation is part of the company's transformation process and reflects its ongoing commitment to safeguarding the interests of all stakeholders (including employees, customers, and suppliers) while maximizing value for shareholders. The assessment aims to identify potential opportunities that are most conducive to supporting the long-term growth and success of the SMT Solutions Division, while allowing the company to focus on the growing Semiconductor (SEMI) Solutions Division. The evaluation will consider a range of options for the SMT Solutions Division, which may include but are not limited to selling, joint ventures, spin-offs, or listings, or retaining and supporting strategic development of the SMT Solutions Division to ensure its long-term success and value creation. As a global market and technology leader, the SMT Solutions Division combines deep process technology, innovative technology, industry-leading hardware, software, and service solutions. Its unique product portfolio provides integrated solutions for electronic manufacturing and key applications in the automotive, industrial, consumer electronics, and semiconductor end markets, covering a range from high-mix/low-volume to high-speed mass production and advanced packaging technologies.