高手分析一下STATS ChipPAC 被delist的可能性

最新的消息如下，需要高手指点背后含义，多谢!
S
INGAPORE TECHNOLOGIES SEMICONDUCTORS PTE LTD
(Incorporated in the Republic of Singapore)
(Co. Reg. No.: 199503003D)
ANNOUNCEMENT
Singapore Technologies Semiconductors Pte Ltd (“STSPL”) refers to the Amendment No. 17 and 18
to the Schedule 13D filed by STSPL and Temasek Holdings (Private) Limited (“Temasek”) with the
United States Securities and Exchange Commission on 16 October and 12 December 2007
(‘Schedule 13D Amendments”) relating to STATS ChipPAC Ltd. (“STATS ChipPAC”) and STSPL’s
intention to cause STATS ChipPAC to voluntarily delist from the Nasdaq Select Global Market
(“Nasdaq”) and the Official List of the Singapore Exchange Securities Trading Limited (“SGX-ST”), as
well as to cause STATS ChipPAC to deregister under the U.S. Securities Exchange Act of 1934, as
amended (the “Exchange Act”) if it becomes eligible to do so. STSPL also refers to the press
releases made by STATS ChipPAC dated 9 November 2007, 12 December 2007, 11 January 2008
and 24 March 2008 in connection with, among other things, the voluntary delisting of its American
Depositary Shares (“ADS”) from Nasdaq, termination of the registration of its ordinary shares and
ADSs under the Exchange Act and the termination of its Level 1 ADR Program.
Further to the Schedule 13D Amendments, STSPL and Temasek are still considering seeking the
voluntary delisting of the ordinary shares in the capital of STATS ChipPAC (“STATS ChipPAC
Shares”) from the Official List of the SGX-ST, subject to compliance with applicable laws and listing
requirements. However, as any delisting of the STATS ChipPAC Shares from the SGX-ST is subject
to certain conditions being satisfied, there remains no certainty as to whether STSPL and Temasek
will proceed to seek a delisting of the STATS ChipPAC Shares from the SGX-ST. STSPL and
Temasek will make an appropriate announcement in the event that a decision is reached as to
whether or not to seek the cause STATS ChipPAC to terminate the listing of its shares on the SGXST.
Furthermore, any termination of the listing of the STATS ChipPAC Shares on the SGX-ST is
subject to the decision of the board of directors of STATS ChipPAC.
31 October 2008
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2 个回答

茅雅

可能性非常高

如果是一个先天不足的孩子, 父母可能会强养下去, 如果是个企业, 就不妨让它悄悄地消融, 总比轰轰烈烈地倒下造成的轰动小.

如果认为他还有很多优质资产, 只是生不逢时, 那么可以退场悄悄修炼, 不必担心被购并.

当然, 也可以免除不时的业绩报告, 免得坡人骂娘: "他XX哟, 哪个瞎了眼的投资专才干的, 投资这么多的钱, 产出了什么呀, blah, blah, blah"

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关洁丹

多谢豹兄，想到2007年tamasek holding 想要1.75新币来takeover
最后居然不了了之。这次算不算个机会呢？

http://www.24hgold.com/printarticle.aspx?pagedest=131305&langue=en

===============
Market Scan
Singapore Swing For Stats ChipPAC
Shu-Ching Jean Chen, 03.02.07, 12:24 PM ET

Singapore state investment agency Temasek’s surprising offer to take over Singapore-based Stats ChipPAC, one of the world’s largest independent semiconductor testers and assemblers, was seen by observers as a maneuver to position the company for the up cycle expected in the semi industry over the next few years.

Temasek, already the largest single shareholder in Stats ChipPAC (nasdaq: STTS - news - people ) with a 35.6% stake, unveiled an offer worth up to 2.8 billion Singaporean dollars ($1.76 billion) late Thursday evening to buy the rest of the shares it doesn’t own.

Its two-tiered approach appears designed for an eventual delisting of Stats ChipPAC.

Temasek is offering to pay 1.75 Singapore dollars ($1.09) a share if it receives the acceptance of more than 50% of ChipPAC shareholders, but if it can cross the 90% approval threshold to take ChipPAC private, it will pay $1.88 Singapore dollars ($1.18) a share.

The lower offer is 18.2% above ChipPAC’s closing price Feb. 28 and a substantial premium of 40.5% and 55.1% over its average price over the last three and six months, respectively.

In a report, Credit Suisse advised ChipPAC shareholders to hold out for a better offer.

The Temasek bid followed a 23% surge in ChipPAC shares in Singapore in the four sessions before Feb. 27. Its Nasdaq-listed shares spiked 23% on the news Thursday.

Temasek apparently intends to use its ample capital resources to expand ChipPAC’s capacity and make it easier to shop it to potential buyers in future.

Industry leader Advanced Semiconductor Engineering (nyse: ASX - news - people ) is also seeking to go private by selling itself to the U.S. private equity company Carlyle Group. (See: “ ASE Deal Suggests China Plan”)

The market for independent chip testers and packagers is expected to grow to $30 billion annually by 2011.

Gartner Dataquest, an industry consultancy, estimated the global outsourcing of chip assembly and test services will grow by 10.5% in 2007 and by a compound annual growth rate of 9.6% between 2006 and 2011.

ChipPAC is No. 4 in the industry behind ASE, Amkor Technology (nasdaq: AMKR - news - people ) and Siliconware Precision Industries (nasdaq: SPIL - news - people ), as measured by overall assembly and test revenue.

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  • 关洁丹 提出于 2019-07-19 16:35

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