ASE Technology Holding Announces the Proposed Sale and Disposal of Equity Interests in its Subsidiaries, GAPT Holding Limited and ASE (Kun Shan) Inc., to Wise Road Capital
TAIPEI, Taiwan, R.O.C., Dec. 1, 2021 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (TWSE Code: 3711, NYSE Code: ASX) ("ASE") announces today, that ASE and Beijing Wise Road Asset Management Co., Ltd. ("Wise Road Capital") have entered into a Sale and Purchase Agreement by which ASE will sell shares and equity interests in GAPT Holding Limited (GAPT Holding Limited directly or indirectly holds
According to the sale and purchase agreement, ASE shall transfer the subject shares and equity interests in each target company to Wise Road Capital or its designated affiliate on the Completion Date. Wise Road Capital shall pay to ASE equivalent cash consideration in two parts: 1) US
Through the completion of the Transaction, ASE will improve its overall competitive edge by optimizing its strategy and resource allocation in China, while further enhancing its investment in advanced technology development and expanding its leading edge capacities within Taiwan. ASE believes it can better leverage its global presence and leading-edge technology to better serve its global customer base.
Corporate Contact:
Eddie Chang, Vice President
ASE Technology Holding Co., Ltd.
eddie_chang@aseglobal.com
Tel: +886.2.6636.5678
SOURCE ASE Technology Holding Co., Ltd.