Chung Ding Faces 19.6 Billion Bad Debt Risk as Stock Hits Limit Up, Major Players Cash Out

According to reports from Taipei, the Taiwanese stock market surged today after President Trump's remarks indicating that punitive tariffs on China would significantly decrease, ending the day with a gain of 4.50%, the second largest point jump in history. While major players were offloading stocks, Nanya Tech saw significant activity as its stock price surged due to expectations of order transfers.
Chung Ding's US subsidiary is confronting a challenge with 19.6 billion TWD in bad debts following a bankruptcy filing by an American client. To mitigate this, Chung Ding has initiated a private placement and adjusted cash dividends, resulting in a surprising limit-up in today's stock price, although major players sold off more than 8,000 shares. This reflects the market's uncertainty regarding the company's future.
Among the stocks with the largest sell-offs, Nanya Tech (2408) recorded a net sell of 14,952 shares, followed by Quanta (3481) and Chung Ding (9933). Investors should carefully evaluate market risks.