Hot stock: STATS ChipPAC shares skid over 16%
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SHARES of STATS ChipPAC fell sharply by over 16 per cent or 9.5 Singapore cents to 48.5 Singapore cents after trading resumed on Friday following a trading halt since Monday pending an announcement.
The counter was most actively traded in the market with some 37 million shares worth S$18 million done in the early session.
On Thursday, Jiangsu Changjiang Electronics Technology (JCET) proposed a US$780 million bid for the chipmaker. The offer price of 45.2 Singapore cents apiece for STATS ChipPAC shares represented a 20 per cent discount to its last traded price prior to the trading halt of 58 Singapore cents.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
