Ableprint Technology (7734), a manufacturer of advanced semiconductor packaging process equipment, approved a change in share par value at a board meeting on Oct. 8, cutting the figure from NT$10 to NT$2.5 per share. The move amounts to a 1-for-4 stock split.
The company also said it will hold its first extraordinary shareholders meeting of the year on Nov. 26 to discuss amendments to its articles of incorporation required for the par value change. The transfer suspension period will run from Oct. 28 to Nov. 26.
Ableprint said the change will not affect shareholder rights, and that the rights and obligations attached to the newly issued shares will be exactly the same as those of the existing shares. It added that, after the amendments are approved at the late-November meeting and cleared by the competent authority, it will separately announce the record date for the share replacement and the trading schedule for the new shares.
A move compared with Yageo’s earlier playbook
The report said Ableprint’s capital strategy has drawn comparisons with passive component maker Yageo (2327). According to the report, Yageo changed its share par value from NT$10 to NT$2.5 in August 2025, also in a 1-for-4 split.
The report said Yageo used that adjustment to deal with the high trading threshold created by an elevated share price. Its stock price moved from above NT$500 to the NT$100 range, which helped attract more small and younger investors and lifted trading volume and turnover.
Post-split price would be NT$677.5 based on the Oct. 8 close
The report, citing institutional analysis, said Ableprint holds a global technology lead in high-pressure debubbling and thermal management equipment used in advanced packaging, including CoWoS and 3D IC. It added that the company has benefited in recent years from demand tied to AI and high-performance computing, or HPC, supporting operating growth as well as its market valuation.
At the same time, the report said Ableprint has paid-in capital of NT$280 million, leaving a relatively limited amount of shares in public circulation. As the stock price moved toward the high-price bracket, and potentially toward four-digit territory, liquidity constraints became a growing market focus.
Based on the Oct. 8 closing price of NT$2,710, the share price would fall to NT$677.5 after the 1-for-4 split. Total shares outstanding would increase to 112 million.
Market focus remains on liquidity and trading access
The report noted that while Taiwan stocks have an intraday odd-lot trading mechanism, many institutional investors and overseas passive funds still pay close attention to daily trading volume and the number of shares in circulation when screening potential holdings. A high-priced stock with insufficient liquidity can see a wider bid-ask spread and larger single-day price swings.
Against that backdrop, the report said the stock split is widely seen by the market as a way to lower the investment threshold and improve trading liquidity.