Taiwanese smartphone maker HTC is firmly against the idea of a takeover, said Cher Wang co-founder and chairperson of the company, which reported its first-ever quarterly loss on Friday driven by slumping sales amid aggressive competition in the global handset market.
"We don't need to be taken over," Wang told CNBC's Managing Asia. "Stock price is really the past. Innovation is the future. I actually never look into the price, it doesn't influence me."
"The [ability] of the company to be able to stick with (its) vision is the most important," she added.
Shares of HTC have plummeted over 55 percent year to date, significantly underperforming peers Apple and Samsung, whose shares have declined 9.2 percent and 6.2 percent, respectively, over the same period. The company's dismal share price performance has prompted talks in recent months about it becoming an attractive takeover target. In August, Sanford C. Bernstein & Co identified China's ZTE, Huawei Technologies and Lenovo Group as potential bidders.