BUZZ-Hong Kong-listed ASMPT climbs on unit sale to Applied Materials

Applied Materials, Inc.

Applied Materials, Inc.

AMAT

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** Shares of ASMPT Ltd 0522.HK climb 4.6% to HK$170.6, on track for their biggest one-day pct gain since April 24

** Stock touches the highest point since April 28, and on course to snap two declining sessions

** Semiconductor hardware and software solutions provider says its unit has agreed to sell entire AAMPT Nexx Inc to Applied Materials Inc AMAT.O for $120 mln in cash subject to adjustments

** Say sale of the electrochemical deposition equipment supplying unit will sharpen its focus on the back-end packaging business and to reallocate resources in line with its strategic priorities

** YTD, stock up 115.9%, benchmark Hang Seng Index .HSI up 2.2%


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