Menu
Prosecutors search offices at Acer's smartphone subsidiary

Prosecutors search offices at Acer's smartphone subsidiary

The investigation is related to Acer's purchase of E-Ten Information Systems

Taiwanese investigators searched the offices at Acer's new smartphone subsidiary to collect evidence of insider stock trading by a former executive at the company.

Investigators from the Taipei District Prosecutor's office on Friday entered buildings owned by E-Ten Information Systems, a smartphone maker Acer bought last year, Acer said in a statement to the Taiwan Stock Exchange filed over the weekend.

Acer is cooperating with authorities in the matter and said the investigation will have no impact on its business.

The Taipei District Prosecutor's office is looking for evidence of alleged insider stock trading against a former vice chairman of E-Ten, Lo Wen-jen, and the head of Wistron's legal department, Michael C.M. Wu, an official said. Wistron, the electronics contract manufacturer, was spun off from Acer several years ago.

Neither Lo nor Wu could immediately be contacted to comment on this report.

Acer bought E-Ten last year in an all-stock deal valued at NT$9 billion (US$274.1 million).


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments