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ASE Has Acquired Over 5% Shares of SPIL
By Korbin Lan
Published: Sep 18,2015
TAIPEI, Taiwan - ASE was not giving up its acquisition plan of the SPIL. The company said today that it has acquired more than 5% of SPIL outstanding shares, which means the acquisition has been officially established.
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According to the ASE’s plan, the tender offer will end on the Sept. 22, the purchase price is NT$ 45 per share, the target of acquisition is 5% to 25%. Now ASE has already crossed 5%, and continues to move toward 25%.
Dong Hongsi, vice president of ASE, said that they will do their best to reach 25%, the ultimate goal ASE desired to accomplish.
This morning, there were around one hundred employees of SPIL came to Taiwan Ministry of Labour, to appeal the government not to sell their shares to the ASE, for protecting employee rights.
In this regard, ASE said that they do not get involved SPIL’s management operation, it does not affect the interests of employees of SPIL.
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