Taiwan's over-the-counter (OTC) Securities Exchange has requested DRAM maker ProMOS Technologies to detail its financial results for the most recent month, as the company's stock price volatility has drawn attention.

ProMOS disclosed that its net losses for April were NT$1.45 billion (US$50 million), and combined losses for the first four months of 2011 reached NT$5.71 billion. The net losses for the four-month period translated into a net loss per share of NT$2.24.

ProMOS recently announced plans to sell its wholly-owned subsidiary in Chongqing, western China, which has an 8-inch fab, for a lower-than-expected price. The announcement came following speculation that the company is unlikely to draw investment from technology partner Elpida Memory via its planned fund-raiser.

ProMOS' share price continued edging down to close at NT$0.83 on the Taiwan Stock Exchange (TSE) on May 25.

By: DocMemory
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