ASAT Holdings Regains Nasdaq Compliance
22 Octobre 2007 - 2:00PM
PR Newswire (US)
HONG KONG and MILPITAS, Calif., Oct. 22 /PRNewswire-FirstCall/ --
ASAT Holdings Limited (NASDAQ:ASTT) (the "Company" or "ASAT"), a
global provider of semiconductor package design, assembly and test
services, previously announced on September 21, 2007 that the
Company received a Nasdaq Staff Determination letter dated
September 17, 2007, indicating that the Company's market value of
listed securities had been below $35,000,000 as required for
continued inclusion by Marketplace Rule 4320(e)(2)(B) (the "Rule")
and that its American Depositary Shares ("ADSs") were, therefore,
subject to delisting. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO ) On
September 24, 2007, ASAT requested an appeal hearing before a
Nasdaq Listing Qualifications Panel (the "Panel") to avoid
delisting. ASAT subsequently appealed to the Panel and provided
information and other communication to the Panel. On October 17,
2007, ASAT was informed by the Panel that the Company had regained
compliance with the $35,000,000 market value requirement. As a
result, the appeal hearing will be moot and cancelled, and ASAT's
ADSs shall remain listed on The Nasdaq Capital Market. About ASAT
Holdings Limited ASAT Holdings Limited is a global provider of
semiconductor package design, assembly and test services. With 18
years of experience, the Company offers a definitive selection of
semiconductor packages and world-class manufacturing lines. ASAT's
advanced package portfolio includes standard and high thermal
performance ball grid arrays, leadless plastic chip carriers, thin
array plastic packages, system-in-package and flip chip. ASAT was
the first company to develop moisture sensitive level one
capability on standard leaded products. Today the Company has
operations in the United States, Asia and Europe. For more
information, visit http://www.asat.com/. Safe Harbor This news
release contains statements and information that involve risks,
uncertainties and assumptions. These statements and information
constitute "forward-looking statements" within the meaning of
federal securities laws including Section 27A of the United States
Securities Act of 1933, as amended, and Section 21E of the United
States Securities Exchange Act of 1934, as amended. Such
forward-looking statements, including statements regarding
compliance with Nasdaq listing requirements, involve known and
unknown risks, uncertainties, assumptions and other factors that
could cause the actual performance, financial condition or results
of operations of ASAT Holdings Limited to differ materially from
those expressed or implied in any forward- looking statement.
Investors are cautioned that actual events and results could differ
materially from those contained in these statements as a result of
a variety of factors, including conditions in the overall
semiconductor market and economy, the need for additional funding
and the risk that financing may not be obtained, our progress in
ramping our new China facility, acceptance and demand for the
Company's products and services, operational and technological
risks and revisions to the preliminary unaudited financial results
which may occur during preparation of financial statements and
disclosures. The risks, uncertainties and other factors also
include, among others, our ability to successfully implement our
diversification strategy and our long-term growth strategy, our
ability to continue to realize operational efficiencies and
improvements to our cost structure, our ability to obtain
additional new financing, the possible delisting of the Company's
securities from Nasdaq, and those risks, uncertainties, assumptions
and other factors stated in the section entitled "Risk Factors" in
our Annual Report on Form 20- F filed with the United States
Securities and Exchange Commission on October 15, 2007 and the
section entitled "Risk Factors" in our quarterly reports on Form
6-K filed with the United States Securities and Exchange
Commission. The forward-looking statements in this release reflect
the current beliefs and expectations of the Company as of this
date, and the Company undertakes no obligation to update these
projections and forward-looking statements to reflect actual
results or events or circumstances that occur after the date of
this news release.
http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO
http://photoarchive.ap.org/ DATASOURCE: ASAT Holdings Limited
CONTACT: Jim Fanucchi of Summit IR Group Inc., +1-408-404-5400, Web
site: http://www.asat.com/
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