TAIPEI, Taiwan, Nov. 21 /Xinhua-PRNewswire-FirstCall/ -- The board of directors of ASE Test Limited (Nasdaq: ASTSF; TSE: 9101)("ASE Test" or the "Company") refers to the proposed acquisition by Advanced Semiconductor Engineering, Inc. ("ASE Inc.") of all the ordinary shares of ASE Test (the "Shares") which ASE Inc. does not directly or indirectly own through a scheme of arrangement (the "Proposed Scheme") under Section 210 of the Companies Act, Chapter 50 of Singapore, and in accordance with the Singapore Code on Take-overs and Merger (the "Code").
The directors of the Company who are considered independent for the purposes of making a recommendation on the Proposed Scheme (the "Independent Directors") have today, pursuant to the requirements of the Code, appointed ANZ Singapore Limited ("ANZ") as independent financial adviser to advise them on the Proposed Scheme. The recommendation of the Independent Directors and the opinion of ANZ will be included in a disclosure document for the Proposed Scheme to be mailed to shareholders of ASE Test and to be filed with the U.S. Securities and Exchange Commission in due course. In the meantime, shareholders of ASE Test are advised to exercise caution when dealing in the Shares and to refrain from taking any action in relation to their Shares which may be prejudicial to their interests.
The directors of ASE Test (including any director who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and opinions expressed in this press release are fair or accurate and that no material facts have been omitted from this press release and they jointly and severally accept responsibility accordingly. Where any information has been extracted from published or publicly available sources, the sole responsibility of the directors of ASE Test has been to ensure, through reasonable enquiries, that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this press release.
About ASE Test
ASE Test is one of the world's largest independent providers of semiconductor testing services. It provides customers with a complete range of semiconductor testing services, including front-end engineering test, wafer probe, final test and other test-related services.
The ordinary shares of ASE Test are quoted for trading on the NASDAQ National Market under the symbol "ASTSF". ASE Test's Taiwan Depository Shares, which represent its ordinary shares, are listed for trading on the Taiwan Stock Exchange under the symbol "9101".
Forward-Looking Statements
All statements other than statements of historical facts included in this press release are or may be forward looking statements. Forward-looking statements include but are not limited to those using words such as "seek", "expect", "anticipate", "estimate", "believe", "intend", "project", "plan", "strategy", "forecast" and similar expressions or future or conditional verbs such as "will", "would", "should", "could", "may" and "might". These statements reflect ASE Test's current expectations, beliefs, hopes, intentions or strategies regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results may differ materially from those described in such forward-looking statements. Shareholders and investors should not place undue reliance on such forward-looking statements, and neither ASE Test nor Lehman Brothers undertakes any obligation to update publicly or revise any forward-looking statements.
For further information please contact:
Lehman Brothers Inc.
Tel: +852-2252-1047
Ken Hsiang (CFO)
Tel: +1-510-687-2475
