CHIPMOS' SUBSIDIARY SUBMITS TAIWAN STOCK EXCHANGE LISTING APPLICATION
HSINCHU, Nov. 27, 2013
HSINCHU, Nov. 27, 2013 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES
(Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS), an industry
leading provider of outsourced semiconductor assembly and test services
("OSAT"), today announced that its subsidiary ChipMOS TECHNOLOGIES INC., (Gre
Tai Securities Market: Ticker 8150) ("ChipMOS Taiwan") has submitted an
application to list on the Taiwan Stock Exchange ("TWSE"). ChipMOS Taiwan
began trading on Taiwan's emerging stock board, the Gre Tai Securities Market,
on April 19, 2013. The Company owns approximately 62.1% of the outstanding
shares of ChipMOS Taiwan.
As previously disclosed, the Company and ChipMOS Taiwan are working with the
underwriter, Yuanta Securities, towards satisfying eligibility requirements
for listing ChipMOS Taiwan on the TWSE in the second quarter of 2014. Whether
all of the requirements can be satisfied for the initial listing on the TWSE
during the second quarter of 2014 depends in part on market conditions and
other factors not within the control of the Company or ChipMOS Taiwan. Even
if ChipMOS Taiwan obtains the required regulatory approvals, there is no
guarantee that other listing requirements can be satisfied. For these
reasons, there can be no assurance that ChipMOS Taiwan's shares will be listed
on the TWSE or the initial listing can occur during the anticipated timeframe.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ:
IMOS) (http://www.chipmos.com) is an industry leading provider of
semiconductor testing and assembly 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 TECHNOLOGIES INC. ("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.
In Taiwan In the U.S.
Dr. S.K. Chen David Pasquale
ChipMOS TECHNOLOGIES (Bermuda) LTD. Global IR Partners
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.
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