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Temasek unit accepts JCET's offer for STATS ChipPAC

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Friday was a busy day for mainboard-listed STATS ChipPAC with the company announcing that its majority shareholder, Singapore Technologies Semiconductors Pte Ltd (STSPL), has accepted a final cash offer from a consortium led by China's Jiangsu Changjiang Electronics Technology Co (JCET) to buy out the company with the intention of taking it private.

Singapore

FRIDAY was a busy day for mainboard-listed STATS ChipPAC with the company announcing that its majority shareholder, Singapore Technologies Semiconductors Pte Ltd (STSPL), has accepted a final cash offer from a consortium led by China's Jiangsu Changjiang Electronics Technology