Joint
Press Release
May
23, 2008
ASE
Test Obtains Singapore Court Sanction For Proposed "Going Private" Acquisition
of ASE Test by ASE Inc.
May 23, 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 that the High Court of the Republic of Singapore
(the "Court") has issued an order dated May 23, 2008 (the “Order”), sanctioning
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 the Companies Act, Chapter 50 of
Singapore (the ''Scheme''). The Scheme is expected to become
effective on May 30, 2008, when a copy of the Order is lodged with the
Accounting and Corporate Regulatory Authority of Singapore. Further, ASE Inc.
and ASE Test today announced that May 30, 2008 will be the books closure date
for determining the entitlements of shareholders of ASE Test under the
Scheme.
About
ASE Inc.
ASE Inc. is one of the world's largest
independent provider of integrated circuit (“IC”) packaging services and, 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 Depository Receipts of ASE Inc. are listed on the New York
Stock Exchange under the 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 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 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
Michael
Diaz
MacKenzie Partners
(UK) Limited (Proxy Solicitation Agent)
Tel:
+44-020-7170-4155