Proposed
“Going Private” Acquisition of ASE Test by ASE Inc.
May 9, 2008 –
Advanced Semiconductor Engineering, Inc. (NYSE: ASX, TAIEX: 2311, “ASE Inc.”)
and its majority-owned subsidiary ASE Test Limited (NASDAQ: ASTSF, TAIEX: 9101,
“ASE Test”) today announced May 30, 2008 as the anticipated effective date of
the proposed “going private” acquisition by ASE Inc. of the outstanding ordinary
shares of ASE Test that ASE Inc. does not directly or indirectly own by way of a
scheme of arrangement under Singapore law (the “Scheme”).
ASE Inc. and ASE
Test announced on May 6, 2008 that the Scheme was approved by the requisite
majority of unaffiliated shareholders of ASE Test at the May 6, 2008 meeting of
shareholders of ASE Test convened by the order of the High Court of Singapore
(the “Court”). ASE Test applied on May 7, 2008 to the Court to
sanction the Scheme, and a Court hearing to sanction the Scheme is scheduled to
take place on May 22, 2008. The Scheme will only become effective
when the order of the Court sanctioning the Scheme is lodged with the Accounting
and Corporate Regulatory Authority of Singapore (the “ACRA”).
ASE Inc. and ASE
Test currently anticipate that the Scheme will become effective on May 30, 2008,
pending the receipt of the order of the Court sanctioning the Scheme, the
lodging of such order with the ACRA and the satisfaction of other customary
closing conditions. The books closure date for determining the
entitlements of shareholders of ASE Test under the Scheme is expected to be the
same date as the effective date of the Scheme.
About
ASE Inc.
ASE Inc. is one of the world's largest
independent provider of integrated circuit (“
IC”
) packaging services a
nd, together with its majority owned
subsidiary ASE Test Limited, the world's largest independent provider of IC
testing services, including front-end engineering test, wafer probe and final
test services.
ASE Inc.
currently has approximately more than 200
international
customers.
With
advanced technological capabilities and a global presence spanning
Taiwan
,
Korea
,
Japan
,
Singapore
,
Malaysia
and the United States, ASE Inc. has
established a reputation for reliable, high quality products and services. For
more information, visit our
website at http://www.aseglobal.com.
The common shares of ASE Inc. are listed
on the Taiwan Stock Exchange under the symbol “
2311”
. The American
D
epository
Receipts
of ASE Inc. are listed on the New York
Stock Exchange under th
e
symbol “
ASX”
.
The directors of ASE
Inc. (including any director who may have delegated detailed supervision of this
press release) have taken all reasonable care to ensure that the facts stated
and opinions expressed in this press release (other than those relating to ASE
Test) are fair or accurate and that no material facts have been omitted from
this press release and they jointly and severally accept responsibility
accordingly. Where any information has been extracted from published or publicly
available sources or obtained from ASE Test, the sole responsibility of the
directors of ASE Inc. has been to ensure, through reasonable enquiries, that
such information is accurately extracted from such sources or, as the case may
be, reflected or reproduced in this press release.
About
ASE Test
ASE Test is
one of
the world
’
s largest independent
provider
s
of semiconductor testing
services.
It
provides customers with a complete range
of semiconductor testing services, including front-end engineering test, wafer
p
robe, final test and other
test-related services.
The ordinary shares of ASE Test
ar
e quoted for trading on
T
he N
ASDAQ
Global Market under the symbol
“
ASTSF”
. ASE Test
’
s Taiwan Depository Shares, which
represent its ordinary shares, are listed for trading
on the Taiwan Stock Exchange under the
symbol “
9101”
.
The directors of ASE
Test
(including any director who may have
delegated detailed supervision of this press release) have taken all reasonable
care to ensure that the facts stated and opinions expresse
d in this press release are fair or
accurate and that no material facts have been omitted from this press release
and they jointly and severally accept responsibility accordingly.
Where any information has been extracted
from published or publicly availabl
e sources, the sole responsibility of
the directors of ASE Test has been to ensure, through reasonable enquiries, that
such information is accurately extracted from such sources or, as the case may
be, reflected or reproduced in this press release.
Forward
-Looking
Statements
All
statements other than statements of historical facts included in this press
release are or may be forward-looking statements. Forward-looking statements
include, but are not limited to, those using
words
such as "seek", "expect", "anticipate", "estimate", "believe", "intend",
"project", "plan", "strategy", "forecast" and similar expressions or future or
conditional verbs such as "will", "would", "should", "could", "may" and "might".
These statements reflect ASE Inc.'s or ASE Test's (as the case may be) current
expectations, beliefs, hopes, intentions or strategies regarding the future and
assumptions in light of currently available information. Such forward-looking
statements are not guarantees of future performance or events and involve known
and unknown risks and uncertainties. Accordingly, actual results may differ
materially from those described in such forward-looking statements. Shareholders
and investors should not place undue reliance on such forward-looking
statements, and ASE Inc. and ASE Test undertake no obligation to update publicly
or revise any forward-looking statements.
For further
information please contact:
ASE Inc.
Freddie Liu (Vice
President)
Tel: +8862
8780-5489
Email: freddie_liu@aseglobal.com
ASE Test
Ken Hsiang
(CFO)
Tel:
+1-510-687-2475
Email:
ken_hsiang@aseglobal.com
MacKenzie Partners (UK)
Limited
(Proxy Solicitation Agent)
Michael
Diaz