Temasek unit accepts JCET's offer for STATS ChipPAC
Add BT as a preferred source
Mindy Tan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 Co (JCET) to buy out the company with the intention of taking it private.
It also announced the exit of two senior officials: Dennis Chia, chief financial officer; and Janet Taylor, senior vice-president, general counsel and company secretary. Mr Chia will be leaving on July 3, and Ms Taylor on July 8.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
