Taiwanese LED lighting manufacturer Lite-On Technology has joined the ranks of two other Taiwanese LED manufacturers’ in selling its 3,900 shares in Epistar, according to a UDN report.
Epistar stocks plunged shortly after the announcement.
Two other important investors Everlight and United Microelectronics Corporation (UMC) have sold their shares in the company earlier this year. Despite the recent impact from shareholders share sells, Taiwanese financial analysts noted in general Epistar will continue to grow. They projected the company’s gross margin will surpass 20 percent in second quarter 2014, and set new profit records in the last three years.
