STATS ChipPAC sells entire stake in Micro Assembly Technologies

The divestment is for a total consideration of US$10.4 million.

STATS ChipPAC Ltd. announced that it has exercised the put option to divest its entire 25% equity interest in Micro Assembly Technologies Limited.

MAT is principally an investment holding company and is incorporated in the British Virgin Islands. It owns an 80% equity interest in China-incorporated Wuxi CR Micro-Assembly Tech. Ltd., which is principally engaged in the business of semiconductor packaging and test.

The sale is the result of the company’s decision to rationalise its non-core assets.

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