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.

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