TAIPEI, Taiwan, R.O.C.,
Dec. 1, 2021 /PRNewswire/ -- ASE
Technology Holding Co., Ltd. (TWSE Code: 3711, NYSE Code: ASX)
("ASE") announces today, that ASE and Beijing Wise Road
Asset Management Co., Ltd. ("Wise Road Capital") have
entered into a Sale and Purchase Agreement by which ASE will sell
shares and equity interests in GAPT Holding Limited (GAPT Holding
Limited directly or indirectly holds 100% equity interests in
Global Advanced Packaging Test (Hong
Kong), ASE (WeiHai), Inc., Suzhou ASEN Semiconductors Co.,
Ltd. and ASE Advanced Semiconductor (Shanghai) Limited) and ASE (Kun Shan) Inc. to Wise Road Capital or its
designated affiliate in exchange for a cash consideration in an
aggregate amount of US$1.46 billion
(the "Transaction").
According to the sale and purchase agreement, ASE shall transfer
the subject shares and equity interests in each target company to
Wise Road Capital or its designated affiliate on the Completion
Date. Wise Road Capital shall pay to ASE equivalent cash
consideration in two parts: 1) US$1.08
billion plus aggregated cash balance and minus aggregated
outstanding debt balance of the target companies will be paid upon
the Completion Date and 2) US$380
million on the first business day six months after the
Completion Date. ASE expects to recognize a tax effected gain
of approximately US$630 million from
the Transaction.
Through the completion of the Transaction, ASE will improve its
overall competitive edge by optimizing its strategy and resource
allocation in China, while further
enhancing its investment in advanced technology development and
expanding its leading edge capacities within Taiwan. ASE believes it can better leverage
its global presence and leading-edge technology to better serve its
global customer base.
Corporate Contact:
Eddie Chang, Vice President
ASE Technology Holding Co., Ltd.
eddie_chang@aseglobal.com
Tel: +886.2.6636.5678
View original
content:https://www.prnewswire.com/news-releases/ase-technology-holding-announces-the-proposed-sale-and-disposal-of-equity-interests-in-its-subsidiaries-gapt-holding-limited-and-ase-kun-shan-inc-to-wise-road-capital-301434913.html
SOURCE ASE Technology Holding Co., Ltd.