New holding company to be formed by Advanced Semiconductor Engineering Inc. and Siliconware Precision Industries Co. to launch in April
Taiwan News
Date: 2018/01/25
By: Central News Agency
Taipei, Jan. 24 — A new holding company to be formed by Advanced Semiconductor
ASE Group. (By Central News Agency)
Engineering Inc. (ASE) and Siliconware Precision Industries Co. (SPIL), the two largest integrated circuit packaging and testing services providers in Taiwan, is expected to launch a stock listing at the end of April.
According to a report to shareholders by SPIL for a special shareholder meeting scheduled for mid-February, ASE will obtain all SPIL shares through a share and cash swap for the formation of a new holding company.
ASE will use one common share in exchange for 0.5 shares of the new company, while SPIL will receive NT$51.2 for each of its shares from the new company.
The new holding firm, which will be called ASE Industrial Holding Co., will list its shares April 30 on the local main board and the tech-heavy NASDAQ in the United States.
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