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STATS ChipPAC attracts US$780m bid from China firm

JCET's S$0.452 per share offer compares against S'pore chipmaker's last traded price of S$0.58, a discount of 20%

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Given the ongoing restructuring process at STATS ChipPAC's Taiwanese units, the sale transaction will not include the two units at this point, which have a book value of US$80.9 million.

Singapore

STATS ChipPAC is inching towards the arms of Jiangsu Changjiang Electronics Technology (JCET), with the Chinese buyer proposing on Thursday a muted US$780 million bid for most of the Singapore chipmaker.

But this courtship, already made public earlier this year, has more...

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