, Singapore

STATS ChipPAC sells Micro Assembly Technologies stake

The divestment is expected to complete by October 9, upon which MAT will cease to be an associated company.

STATS ChipPAC Ltd. announced that it has exercised its put option to divest its entire 25% equity interest in Micro Assembly Technologies Limited for a total consideration of approximately US$10 million.

MAT is principally an investment holding company incorporated in the British Virgin Islands.

The divestment is the result of STATS ChipPAC’s decision to rationalise its non-core assets.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!