Hot stock: STATS ChipPAC shares skid over 16%
Add BT as a preferred source
Anita Gabriel
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
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
In a world of long-drawn crises, ‘wait and see’ may be a decreasingly tenable stance
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
The returnees: Inside China’s AI talent reversal
