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The Merger of ASE and SPIL Has Been Approved By the Unites States Federal Trade Commission
By Korbin Lan
Published: May 19,2017
TAIPEI, Taiwan - Taiwan's largest semiconductor packaging manufacturer, ASE, and SPIL yesterday announced that the two companies had already received written approval from the United States Federal Trade Commission confirmation that the merger of the two companies presents no doubts about fair trade.
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ASE and SPIL on June 30 last year signed a shares conversion agreement with the two parties agreeing to employ shares conversion to combine into a new parent company.
ASE stated that they have arranged to begin to establish a new parent company together with SPIL by the end of this year and establish an ASE holding company to begin a new business model.
However, this merger still must undergo review by Mainland China's Ministry of Commerce. Consequently, although ASE and SPIL yesterday received approval of the merger of the two companies from the U.S.A. Federal Trade Commission, they stated that they still must obtain approval from the P.R.C.
(TR/ Phil Sweeney)
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