The joint holding company of both parties, under the name of ASE Holding Company, is scheduled to be formally established on the 30th and re-listed for listing with the new company after the shareholders' interim meeting of both parties passed the share swap agreement tomorrow. The two parties will jointly issue the ADRs listed in the United States ADR), then set April 17 to stop trading.
Silicon products earlier sent a letter to shareholders, the official statement to shareholders, the extraordinary shareholders meeting, mainly with the Japanese silicon group of new companies, according to the conversion agreement, plans to temporarily suspend the trading of shares in Taiwan April 17, the United States time April 17 silicon products listed on Nasdaq ADS, will also stop trading, converted into NT 51.2 yuan equivalent in cash in dollars.
As for the new Investment Holding Co., Ltd. is scheduled for April 30 listing, ASE and silicon products will become the new investment holding company 100% owned subsidiary, each operating independently.
ASE and silicon products to be jointly converted by way of shares by ASE to apply for the newly established ASE Investment Holdings Co., Ltd., and by the new holding company ASE and silicon products all issued shares.
ASE is to issue 0.5 ordinary shares of a new holding company for each ordinary share, and exchange of NT $ 51.2 cash per ordinary share of silicon products.
Wu Tian-yu, an operation of ASE Group, explained to shareholders of silicon products before the stock prep meeting that the combination of ASE and silicon products can not only avoid fierce and positive fighting with the mainland, but also seize new business opportunities and create new business models.