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STATS ChipPAC talks extended again

Employees at the production line at STATS ChipPAC, a mainboard-listed semiconductor chip packaging and testing firm.

TALKS over the potential US$780 million sale of STATS ChipPAC to China's Jiangsu Changjiang Electronics Technology Co (JCET) have been extended for a second time. The new deadline is now Dec 31, 2014.

JCET had on Nov 6 announced plans to make a US$780 million offer for the Singapore chip