KGI said that once the public tender offer reach the minimum quantity, they will immediately make public announce. According to the KGI Securities, the maximum number of this acquisitions is 0.78 billion shares, which is about 24.99% of SPIL’s issued ordinary shares.

Meanwhile, SPIL continued to against the acquisition. SPIL chairman Lin Wenbo yesterday issued an open letter to its shareholders, pointed that the board of directors all considered the price of acquisition is inappropriate, and also may severely limit future opportunities of SPIL, thus they urged again shareholders to refrain to compromise the acquisition.

Lin Wenbo noted in the open letter that although ASE said in its statement it is purely financial investment, and no plans to intervene SPIL operation. But the ASE also mentioned that in the face of increasing global competition and M&A activity, the company will seek the opportunities to work together by proposing acquiring.

“The two statement were completely contradictory, showed that ASE is deliberately to take over SPIL."