TAIPEI, Taiwan, June 1 /Xinhua-PRNewswire-FirstCall/ -- Advanced
Semiconductor Engineering, Inc. (NYSE: ASX, TAIEX: 2311, "ASE Inc.") and its
majority-owned subsidiary ASE Test Limited (Nasdaq: ASTSF, TAIEX: 9101, "ASE
Test") announced that the "going private" acquisition by ASE Inc. of the
outstanding ordinary shares of ASE Test that ASE Inc. does not directly or
indirectly own, by way of a scheme of arrangement under the Companies Act,
Chapter 50 of Singapore (the ''Scheme''), became effective on May 30, 2008
(the "Effective Date"), when a copy of the Order of Court dated May, 22, 2008
sanctioning the Scheme was lodged with the Accounting and Corporate Regulatory
Authority of Singapore.
Under the terms of the Scheme, each ordinary share of ASE Test listed on
The Nasdaq Global Market ("Nasdaq") immediately prior to the effectiveness of
the Scheme has been acquired by ASE Inc. for US$14.78 per share in cash, and
each Taiwan depositary share representing 0.0125 ordinary shares of ASE Test
listed on the Taiwan Stock Exchange ("TSE") immediately prior to the
effectiveness of the Scheme has been acquired by ASE Inc. for NT$5.6314 per
share in cash (the NT$ equivalent of US$0.185 based on the exchange rate of
US$1.00 = NT$ 30.440 published by the Federal Reserve Bank of New York as of
12:00 pm on May 29, 2008) (together, the "Scheme Consideration"). Payment of
the Scheme Consideration will be made within 10 calendar days of the Effective
Date of the Scheme.
In connection with the Scheme, ASE Test's ordinary shares and Taiwan
depositary shares have ceased trading on, and will be delisted from, NASDAQ
and TSE, respectively.
About ASE Inc.
ASE Inc. is one of the world's largest independent provider of integrated
circuit ("IC") packaging services and, together with its majority owned
subsidiary ASE Test Limited, the world's largest independent provider of IC
testing services, including front-end engineering test, wafer probe and final
test services. ASE Inc. currently has approximately more than 200
international customers. With advanced technological capabilities and a
global presence spanning Taiwan, Korea, Japan, Singapore, Malaysia and the
United States, ASE Inc. has established a reputation for reliable, high
quality products and services. For more information, visit our website at
http://www.aseglobal.com .
The common shares of ASE Inc. are listed on the Taiwan Stock Exchange
under the symbol "2311". The American Depository Receipts of ASE Inc. are
listed on the New York Stock Exchange under the symbol "ASX".
The directors of ASE Inc. (including any director who may have delegated
detailed supervision of this press release) have taken all reasonable care to
ensure that the facts stated and opinions expressed in this press release
(other than those relating to ASE Test) are fair or accurate and that no
material facts have been omitted from this press release and they jointly and
severally accept responsibility accordingly. Where any information has been
extracted from published or publicly available sources or obtained from ASE
Test, the sole responsibility of the directors of ASE Inc. has been to ensure,
through reasonable enquiries, that such information is accurately extracted
from such sources or, as the case may be, reflected or reproduced in this
press release.
About ASE Test
ASE Test is one of the world's largest independent providers of
semiconductor testing services. It provides customers with a complete range
of semiconductor testing services, including front-end engineering test, wafer
probe, final test and other test-related services.
The ordinary shares of ASE Test are quoted for trading on The NASDAQ Global
Market under the symbol "ASTSF". ASE Test's Taiwan Depository Shares, which
represent its ordinary shares, are listed for trading on the Taiwan Stock
Exchange under the symbol "9101".
The directors of ASE Test (including any director who may have delegated
detailed supervision of this press release) have taken all reasonable care to
ensure that the facts stated and opinions expressed in this press release are
fair or accurate and that no material facts have been omitted from this press
release and they jointly and severally accept responsibility accordingly.
Where any information has been extracted from published or publicly available
sources, the sole responsibility of the directors of ASE Test has been to
ensure, through reasonable enquiries, that such information is accurately
extracted from such sources or, as the case may be, reflected or reproduced in
this press release.
Forward-Looking Statements
All statements other than statements of historical facts included in this
press release are or may be forward-looking statements. Forward-looking
statements include, but are not limited to, those using words such as "seek",
"expect", "anticipate", "estimate", "believe", "intend", "project", "plan",
"strategy", "forecast" and similar expressions or future or conditional verbs
such as "will", "would", "should", "could", "may" and "might". These
statements reflect ASE Inc.'s or ASE Test's (as the case may be) current
expectations, beliefs, hopes, intentions or strategies regarding the future
and assumptions in light of currently available information. Such
forward-looking statements are not guarantees of future performance or events
and involve known and unknown risks and uncertainties. Accordingly, actual
results may differ materially from those described in such forward-looking
statements. Shareholders and investors should not place undue reliance on such
forward-looking statements, and ASE Inc. and ASE Test undertake no obligation
to update publicly or revise any forward-looking statements.
For further information please contact:
ASE Inc.
Freddie Liu (Vice President)
Tel: +8862-8780-5489
Email:freddie_liu@aseglobal.com
ASE Test
Ken Hsiang (CFO)
Tel: +1-510-687-2475
Email:ken_hsiang@aseglobal.com
Michael Diaz
MacKenzie Partners (UK) Limited (Proxy Solicitation Agent)
Tel: +44-020-7170-4155
SOURCE Advanced Semiconductor Engineering, Inc.; ASE Test Limited
Freddie Liu (Vice President) of ASE Inc., +886-2-8780-5489, or
freddie_liu@aseglobal.com; Ken Hsiang (CFO) of ASE Test, +1-510-687-2475, or
ken_hsiang@aseglobal.com; or Michael Diaz of MacKenzie Partners (UK) Limited
(Proxy Solicitation Agent), +44-20-7170-4155, for ASE
