According to foreign media reports, people familiar with the matter said that TCL Group is considering acquiring ASM Pacific (00522) stake in semiconductor equipment manufacturer ASMI.
Foreign media: TCL considers acquiring a 25% stake in ASM Pacific, valued at approximately $1 billion
ASMI statement
According to people familiar with the matter, TCL Group is exploring with the consultant the possibility of acquiring a 25% stake in ASM Pacific (ASMPT) held by ASMI. According to foreign media estimates, this part of the equity value is about $1 billion based on Friday's closing price.
According to informed sources, it is uncertain whether the transaction will proceed smoothly.
TCL Group's investor relations department did not immediately respond to foreign media email requests. ASMI stated that it is always convinced of the strategic value of its ASM Pacific equity and that there is currently no process to sell some or all of the ASM Pacific shares held. (Complete statement as shown above).
At the close on Friday, ASM Pacific shares rose 0.13% to HK$79.7, with a total market capitalization of approximately HK$32.233 billion.
According to the official website, ASM Pacific was established in Hong Kong in 1975. The group is the world's first equipment manufacturer to provide technology and solutions for all process steps in semiconductor packaging and electronic product manufacturing, including semiconductor packaging materials and back-end (chip integration). , soldering, packaging) to the SMT process. There are no other equipment suppliers in the world with a similar comprehensive product portfolio and extensive knowledge and experience in mounting and SMT procedures.
The post-process equipment business produces and supplies semiconductor assembly and packaging equipment for the microelectronics, semiconductor, optoelectronics, and optoelectronic markets. It offers a wide range of products such as die bonding systems, wire bonding systems, dispensing systems, ribbing and forming systems. And a full range of production line equipment. The material business produces and supplies semiconductor packaging materials, consisting of a lead frame part and a molded interconnect substrate. The SMT Solutions business develops and distributes state-of-the-art DEK presses for the SMT, semiconductor and solar markets, and First-class SIPLACE SMT placement solution.
ASM Pacific is headquartered in Singapore and has been listed on the Hong Kong Stock Exchange since 1989.