Business Context and Reporting Period
This Form 6-K filing by Advanced Semiconductor Engineering, Inc. (ASE) was submitted on February 12, 2018. The report discloses a material corporate event regarding the Board's determination of the record date for a statutory share exchange between ASE and its subsidiary, Siliconware Precision Industries Co., Ltd. (SPIL).
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on the procedural timeline for a corporate restructuring event.
Material Changes and Corporate Action
The primary material change is the approved joint share exchange to form a new holding company, ASE Industrial Holding Co., Ltd. (HoldCo). Key details include:
- Structure: HoldCo will acquire all issued shares of ASE and SPIL. Upon completion, both entities will become wholly-owned subsidiaries of HoldCo.
- Delisting: ASE and SPIL will be delisted from the Taiwan Stock Exchange (TWSE) concurrently with the share exchange.
- Approval: The transaction was approved by ASE's extraordinary general meeting of shareholders.
Outlook, Schedule, and Risks
Management has established a tentative schedule for the transaction, subject to change due to force majeure or regulatory requests:
- Last Trading Date (ASE): April 17, 2018
- Cessation of Trading: April 18, 2018
- Book Closure Period: April 20, 2018 to April 30, 2018
- Record Date: April 30, 2018
- Delisting Date: April 30, 2018
- First Trading Date (HoldCo): April 30, 2018
The Board has authorized the Chairman to adjust the schedule or record date if necessary events occur.
Investor Verification Checklist
- Confirm the final exchange ratio between ASE, SPIL, and the new HoldCo shares.
- Verify the exact delisting date and the first trading date for HoldCo on the TWSE.
- Review the full joint share exchange agreement for any conditions precedent not detailed in this summary.
- Monitor for any regulatory approvals required from the Taiwan Financial Supervisory Commission or the TWSE.