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STATS ChipPAC asks SGX for suspension of trading in its shares
SEMICONDUCTOR tester STATS ChipPAC has asked Singapore Exchange (SGX) for a suspension in trading of its shares.
In a filing to SGX before the markets opened on Friday, the company referred to an earlier announcement on Aug 5 that trading in its shares will be suspended after the close of the voluntary conditional general offer by JCET-SC (Singapore) Pte Ltd for the company.
This, as the percentage of the total number of issued shares in the capital of the company which are held in public hands has fallen below 10 per cent and the company no longer meets the free float requirement prescribed by SGX.
The offer had closed at 5.30pm on Thursday.
STATS ChipPAC said trading of its shares will be suspended with effect from 9am on Friday.