ASE Technology Holding's Malaysian Subsidiary Plans US$120 Million Capital Increase

ASEAN Financial Special Report (Total 300 articles)

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(Central News Agency, Taipei, April 28) ASE Technology Holding announced today that the board of directors of its subsidiary, ASE Electronics (M) Sdn. Bhd., resolved to issue new shares through a cash capital increase, totaling 120 million US dollars.

ASE Technology Holding pointed out that the purpose of this capital increase by ASE Electronics (M) Sdn. Bhd. is to meet the funding needs for acquiring shares in Analog Devices Sdn. Bhd.

The number of new shares to be issued in this cash capital increase will be converted into an equivalent amount in Malaysian Ringgit based on the exchange rate announced by Bank Negara Malaysia on the settlement date, and then the number of shares will be calculated at an issue price of 1 Malaysian Ringgit per share.

According to information, ASE Electronics (M) Sdn. Bhd., ASE's Penang, Malaysia packaging and testing plant, was established in February 1991. Its products include lead frame packaging, wire bond BGA packaging, flip-chip packaging, memory packaging, and wafer-level chip-scale packaging (WLCSP); in addition, ASE also has investment companies in Malaysia, ASE Investment (Labuan) Inc. and ASE Labuan Inc. 1150428

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