Adata Technology has announced plans to sell all its Nanya Technology shares, with the total transaction estimated at NT$333.46 million (US$10.45 million), according to a company filing with the Taiwan Stock Exchange.

Adata will recognize an investment gain of about NT$15.44 million from the sale of its Nanya shares.

Nanya recently disclosed its board of directors had approved plans to acquire an about 5% stake in Micron Technology for a total of NT$31.26 billion. Nanya will acquire 57,780,138 Micron shares at US$17.29 each through a private placement.

Nanya's participation in Micron's private placement is part of the conditions enabling Micron's buyout of Inotera Memories. Inotera expects to be delisted from the Taiwan Stock Exchange (TSE) on December 6, after its acquisition by Micron is completed.

Adata swung to net profits of NT$561 million in the first three quarters of 2016 from losses of NT$167 million a year earlier. EPS for the nine-month period came to NT$2.62.

Rising prices of memory chips boosted Adata's October revenues to a 27-month high of NT$2.59 billion. The company's cumulative 2016 revenues through October totaled NT$18.39 billion, rising 10.4% on year.