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ASE Successfully Acquires 36.83% Shares of SPIL
By Korbin Lan
Published: Sep 22,2015
TAIPEI, Taiwan - A drama-like acquisition between ASE and SPIL is going to end. Advanced Semiconductor Engineering Inc. (ASE) announced today that it has acquired the total number of issued shares of 36.83% of SPIL, exceeding the predetermined maximum acquisition goal which is 25% of total.
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ASE said that the company thanked those shareholders who supported this public acquisition, and looks forward to establish the cooperation with SPIL as soon as possible.
Again ASE stated that the acquisition of SPIL’s equity is purely a financial investment, ASE will not intervene in the SPIL's business operation, and will not affect the interests of existing employees of SPIL.
After the completion of the acquisition, ASE will become the largest shareholder of SPIL. As for the alliance of Foxconn and SPIL, which still needs to be approved by the interim board of shareholders in October, therefore, the success of the alliance is still variable.
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