DocMemory
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Sunday, April 22, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Long pending ASE/SPIL merger approved by shareholder


Wednesday, February 14, 2018

Shareholders of both Advanced Semiconductor Engineering (ASE) and Siliconware Precision Industries (SPIL) have approved the companies' plan to merge under a new holding company.

Both ASE and SPIL held their extraordinary shareholders meetings yesterday (February 12) to vote on their merger plan, which had already received all the necessary regulatory approvals from related authorities including those in China and the US.

The shareholders of ASE and SPIL have agreed the establishment of ASE Industrial Holding, a parent holding company that will own ASE through a share swap and acquire SPIL in an all-cash deal.

After transferring ownership to the holding company, ASE and SPIL will still be able to retain their names, management teams and employees, and run operations independently.

ASE Industrial Holding will start trading its shares on the Taiwan Stock Exchange and the New York Stock Exchange on April 30, while shares of ASE and SPIL will be delisted.

In addition, ASE chairman Jason Chang has been elected chairman of ASE Industrial Holding. ASE vice chairman and president Richard Chang has been elected vice chairman of the new entity.

By: DocMemory
Copyright 2018 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Apple shares down as TSMC questions on forward chip demand4/20/2018
Intel continue to invest in 3D NAND development4/20/2018
Intel to close its New Devices Group, stoping augmented-reality glasses developement4/20/2018
Facebook to build its own chips4/20/2018
China-based Fujian Jin Hua, another DRAM Fab, to come online soon4/19/2018
China-based Innotron Memory is installing equipment for DDR4 DRAM production4/19/2018
U.S. promised WTO to discuss with China on tarriff issues4/19/2018
The case of Internet sales tax comes into focus again4/19/2018
Samsung's folding tablet technology can be a challenge to Apple4/18/2018
Foxconn said it will slow down M&A to focus on quality China manufacturing4/18/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved