HSINCHU, April 1, 2014 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and testing services, today announced that ChipMOS TECHNOLOGIES INC. ("ChipMOS Taiwan"), its 62.1% owned subsidiary, is expected to commence share trading on the main board of Taiwan Stock Exchange ("TWSE") on April 11, 2014 under stock ticker 8150.
ChipMOS Taiwan shares are currently listed on the Gre Tai Securities Market under Stock Ticker 8150 and will continue trading until April 10, 2014. The shares would then be transferred to the main board of TWSE and continue trading on April 11, 2014, without interruption to any trading activities.
In addition, the 20 million shares being placed in the subscription process announced on March 28, 2014 and 3.3 million new shares to be purchased by employees included in ChipMOS Taiwan's Initial Public Offering, would also commence trading on the TWSE on April 11, 2014. Following the subscription process and when listed on the TWSE, ChipMOS Taiwan is expected to have 864.6 million shares outstanding. The Company would own approximately 522.1 million or 60.4% of the shares outstanding after the commencement of trading on the main board of TWSE.
Information on and related to the ChipMOS Taiwan listing application has been disclosed in Company's earlier announcements on its March 18, April 12, April 18, May 10, August 26, October 8 and November 27, 2013 and January 28, March 11 and March 28, 2014 press releases.
The information contained in this announcement do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities mentioned herein have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"), and may not be offered, sold, resold, delivered or distributed, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any state or other jurisdiction of the United States.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS TECHNOLOGIES (Bermuda) LTD. (NASDAQ: IMOS) ( http://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and testing services. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company's majority-owned subsidiary, ChipMOS Taiwan, is listed on the Gre Tai Securities Market under Stock Ticker 8150.
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
In the U.S.
Global IR Partners
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.
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ChipMOS TECHNOLOGIES INC.