Taiwanese Apple supplier challenged by investor over $4 billion cash, Financial Times reports

Aug 6 (Reuters) – Catcher Technology Co Ltd (2474.TW), an Apple (AAPL.O) supplier based in Taiwan, is being challenged by Hong Kong-based investment firm Argyle Street Management to improve its governance and become part of its $4.2 billion in net cash to shareholders, the Financial Times reported on Saturday citing people familiar with discussions.

Argyle owns about 1% of Catcher’s stock, the FT report added.

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Reporting by Akanksha Khushi in Bengaluru; Editing by Lisa Shumaker

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