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%
Add BT as a preferred source
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 work ahead. For one thing, the semiconductor firm - which has long been on the selling block - will have to restructure its Taiwanese operations before the sale becomes definitive, regulatory announcements showed.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million
