ChipMOS Plans To Repurchase 3.3% Ownership From SPIL.


ChipMOS Plans To Repurchase 3.3% Ownership From SPIL.

ChipMOS TECHNOLOGIES LTD., an industry leading provider of outsourced semiconductor assembly and test services, today announced entry into a Share Purchase Agreement (“SPA”) for repurchase of 1,000,000 shares or 3.3% ownership of outstanding shares of ChipMOS held by Siliconware Precision Industries Co., Ltd. (“SPIL”). The SPA is for the repurchase transaction disclosed in the Company’s August 12, 2014 press release.


Subject to fulfillment of certain condition precedents, the repurchase of the shares is expected to be consummated before September 30, 2014. After the repurchase transaction, ChipMOS anticipates it will have approximately 28.8 million outstanding shares, as compared to 29.8 million based on number of shares outstanding as at June 30, 2014.

Under the SPA executed by ChipMOS and SPIL, the purchase price of the shares will be determined by the arithmetic mean of the closing price of the Company’s Common Stock traded on the NASDAQ over twenty (20) consecutive trading days prior to the preceding fifth day of the Closing Date multiplied by zero point nine three (0.93), reflecting a seven percent (7%) discount.

ChipMOS anticipates that it will enter into a Share Purchase Agreement with SPIL prior to the end of August, 2014. The transaction is expected to be consummated before the end of September, 2014


ChipMOSTECHNOLOGIES (Bermuda) LTD ( is an industry leading provider of semiconductor testing and assembly services. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan andShanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company’s majority-owned subsidiary, ChipMOS TECHNOLOGIES INC. (“ChipMOS Taiwan”), is listed on the Taiwan Stock Exchange under Stock Ticker 8150.

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Kevin C is passionate for tech world wide. He was apart of Qbox media and currently is apart of a UX firm based in Hong Kong.

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