02:39 AM EDT, 08/01/2022 (MT Newswires) -- ASMPT (HKG:0522) organized all its business units and regions under the brand, according to a Monday stock filing.
The company is divided into the semiconductor solutions and the SMT solutions segments. It will still be business as usual for the company after the rebrand, the company said.
The rebrand positions the semiconductor manufacturer, formerly known as ASM Pacific Technology, as a global high-tech company, Chief Executive Officer Robin Ng said in a statement.
Shares dropped nearly 2% in Monday's afternoon trading.
Price (HKD): $61.55, Change: $-0.95, Percent Change: -1.52%