Quanta Computer chairman sells $153 million of GDSs

Barry Lam, the founder and chairman of Quanta Computer, has raised $153.3 million from the sale of global depository shares GDSs in the Taiwan-based maker of notebook computers, according to sources. The deal launched at around 5.30pm yesterday and closed a few hours later.

Established in 1988, Quanta is the world’s biggest original design manufacturer of notebook computers, according to its website. Its stock, which was listed on the Taiwan Stock Exchange in 1999, has fallen 14% from this year’s peak in early May as global markets tumbled. However, it is up more than 16% since the start of the year, outperforming a 0.9% fall in the Taiwan Stock...