Tsinghua Unigroup To Buy Approx. 25.0% Of ChipMOS Taiwan - Quick Facts

(RTTNews) - ChipMOS TECHNOLOGIES Bermuda LTD. (IMOS) announced the Board of its subsidiary ChipMOS Taiwan has authorized and signed a share purchase agreement to sell 299,252,000 common shares of ChipMOS Taiwan to Tsinghua Unigroup Ltd. through private placement at a price of NT$40.0 per common share. The proposed transaction would be valued at approximately NT$12.0 billion or approximately $368.3 million.

After the issuance of the Private Placement shares, Tsinghua Unigroup would own approximately 25.0% of ChipMOS Taiwan. Parent company ChipMOS's ownership in its subsidiary ChipMOS Taiwan would be 43.7% post-placement compared to the current 58.0%.

ChipMOS Taiwan also executed a strategic alliance agreement with Tsinghua Unigroup to strengthen the long-term cooperation relationship between the two companies.