Stats ChipPAC set for sale to Jiangsu Changjiang

Stats ChipPAC expected to announce a deal with Jiangsu Changjiang, valuing the Singapore group at an enterprise value of $1.8 billion.

Stats ChipPAC set for sale to Jiangsu Changjiang

Singapore's Stats ChipPAC is set to announce plans for a sale to Chinese firm Jiangsu Changjiang for an enterprise value of about $1.8 billion, according to a source familiar with the matter.

Controlling shareholder Temasek and Stats ChipPAC will enter exclusive discussions with the Chinese group and plan to announce a voluntary general offer in late November. There will be an undertaking by Temasek to tender its 83.3% stake, the source added.

The deal is expected...

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