ChipMOS Chairman to Transfer Certain Shares to Subsidiary as Part of Personal Asset Planning Purposes; Ownership Level to Remain Unchanged After Planned Transfer
ChipMOS TECHNOLOGIES INC. - American Depositary Shares (IMOS)
Last chipmos technologies inc. - american depositary shares earnings: 11/9 01:00 am
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Source: PR Newswire
HSINCHU, Taiwan, Nov. 15, 2019 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), announced that Mr. S.J. Cheng, Chairman and President of ChipMOS, today filed a report with the competent authority in Taiwan regarding a planned transfer of certain shares in ChipMOS held by him to Haohsiang Investment Co., Ltd. ("Haohsiang"), a limited company incorporated under the laws of Taiwan, whose share capital is wholly owned by Mr. Cheng.This is not a share sale to an unrelated third party or reduction in Mr. Cheng's beneficial ownership. Upon completion of the planned transfer, Mr. Cheng's direct and indirect shareholding (through Haohsiang) in ChipMOS will remain identical to what it was prior to the planned transfer. Under Taiwan's Securities and Exchange Act, the planned transfer needs to be reported to the competent a
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