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SPIL’s Shareholders Reject The Alliance Motion of Foxconn

By Korbin Lan
Published: Oct 15,2015

TAIPEI, Taiwan - The capital increase proposal was been rejected by the shareholders of Siliconware Precision Industries Co., Ltd. (SPIL) today at its interim board of shareholders with a slight gap between the number of votes, which means convertible strategy alliance with Foxconn will not to go.

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This morning SPIL held a interim board of shareholders in Taichung, Taiwan, to discuss and determine whether to raise its capital from 3.6 billion shares to 5 billion shares. The result of voting was that in favor of 46.57%, against of 32.06% and abstention of 21.37%. In accordance with the Taiwan regulations, the motion should be made to the half number of attendance, thus the motion was rejected.

Because the cooperation with Foxconn failed to pass, and therefore ASE will become the largest shareholder of SPIL.

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