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ASE seeking to buy up to 25% stake in SPIL

2015-08-24 10:04:33| Semiconductors - Topix.net

Semiconductor assembly and test company Advanced Semiconductor Engineering is not seeking involvement in the operation of Siliconware Precision despite its bid to take up a major stake in the competitor, according to ASE CFO Joseph Tung. ASE's bid for SPIL shares should not be regarded as a "hostile takeover," said Tung responding to criticisms for the company's plan to buy an up to 25% stake in SPIL.

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