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Update: STATS ChipPac set for takeover by Jiangsu Changjiang in US$780m bid

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Jiangsu Changjiang Electronics Technology on Thursday said it has proposed to buy up most of STATS ChipPAC for US$780 million.

JIANGSU Changjiang Electronics Technology on Thursday said it has proposed to buy up most of STATS ChipPAC for US$780 million.

The purchase would exclude STATS ChipPAC's subsidiaries in Taiwan, said the Chinese company in a regulatory filing through STATS ChipPAC.

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