ASE Test Announces Intent to Delist from NASDAQ
23 Mai 2008 - 12:30PM
PR Newswire (US)
TAIPEI, Taiwan, May 23 /Xinhua-PRNewswire-FirstCall/ -- ASE Test
Limited (Nasdaq: ASTSF; TAIEX: 9101, "ASE Test") today announced
its intention to delist its ordinary shares from The NASDAQ Global
Market ("NASDAQ") in connection with the proposed 'going private'
acquisition by Advanced Semiconductor Engineering, Inc. ("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 the Companies Act, Chapter 50 of Singapore (the
'Scheme'). The Scheme was approved by the requisite majority of
unaffiliated shareholders of ASE Test at the May 6, 2008
shareholder meeting convened by an Order of the High Court of the
Republic of Singapore (the "Court"). The Court has issued an order
today sanctioning the Scheme. The Scheme is expected to become
effective on May 30, and thereafter ASE Test will become an
indirect wholly-owned subsidiary of ASE Inc. In accordance with the
rules of the Securities and Exchange Commission (the "SEC") and
NASDAQ, ASE Test has provided written notice to NASDAQ of its
intent to delist and expects to file a Form 25 with the SEC to
effect the delisting on or about June 2, 2008. The delisting of ASE
Test's ordinary shares will be effective ten days after the filing
of the Form 25. ASE Test has not arranged for the listing or
quotation of its ordinary shares on another national securities
exchange or for the quotation of its ordinary shares in a quotation
medium. About ASE Test ASE Test is one of the world's largest
independent providers of semiconductor testing services. It
provides customers with a complete range of semiconductor testing
services, including front-end engineering test, wafer probe, final
test and other test-related services. The ordinary shares of ASE
Test are quoted for trading on The NASDAQ 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 expressed 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 available 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 Test's 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, ASE Test
undertake no obligation to update publicly or revise any
forward-looking statements. For further information please contact:
Ken Hsiang (CFO) Tel: +1-510-687-2475 Email: DATASOURCE: ASE Test
Limited CONTACT: Ken Hsiang, CFO of ASE Test Limited,
+1-510-687-2475,
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