STATS ChipPAC says on Friday that under the takeover offer by China's Jiangsu Changjiang Electronics Technology Co (JCET), the total shares held by JCET and the total valid acceptances of the offer amount to 90.27% of the total shares in STATS ChipPAC.
Since its public float has fallen below 10%, it no longer meets the free float requirement of the Singapore Exchange.
"Shareholders should note that the SGX-ST will suspend trading of the shares on the close of the offer," the provider of advanced semiconductor packaging and test services group says.
JCET, one of the largest Chinese electronics packaging service providers listed on the Shanghai stock exchange, has said that it plans to take STATS ChipPAC private and does not intend to extend the offer beyond Aug 27.
STATS ChipPAC closed 1.1% higher at 47 cents on Wednesday.
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Since its public float has fallen below 10%, it no longer meets the free float requirement of the Singapore Exchange.
"Shareholders should note that the SGX-ST will suspend trading of the shares on the close of the offer," the provider of advanced semiconductor packaging and test services group says.
JCET, one of the largest Chinese electronics packaging service providers listed on the Shanghai stock exchange, has said that it plans to take STATS ChipPAC private and does not intend to extend the offer beyond Aug 27.
STATS ChipPAC closed 1.1% higher at 47 cents on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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