IMOS - ChipMOS Board of Directors Approves US$137.1 Million Proposed Sale of Equity Interests in Unimos Microelectronics (Shanghai) | Benzinga
HSINCHU, Dec. 21, 2023 /PRNewswire/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (NASDAQ:IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced the Company's Board of Directors has approved the proposed US$137.1 million sale of the equity interests in Unimos Microelectronics (Shanghai) Co., Ltd. ("Unimos Shanghai") by the Company's wholly-owned subsidiary, ChipMOS TECHNOLOGIES (BVI) LTD. ("ChipMOS BVI").
Under the proposed agreement, ChipMOS BVI will sell its entire remaining 45.0242% equity interests in Unimos Shanghai to Suzhou Oriza PuHua ZhiXin Equity Investment Partnership(L.P.) and 10 other local Chinese investment management companies. Total consideration under the proposed all-cash sale of RMB 979.3 million (approximately NT$4.29 billion or approximately US$137.1 million) will be paid to ChipMOS BVI in two installments, with the second installment to be paid six months after the first installment. The estimated loss upon disposal is expected to be approximately NT$41.8 million, but the actual profit and loss figure will vary according to the reported amount of the actual trading day and the exchange rate.
S.J. Cheng, Chairman of ChipMOS, commented, "This transaction is ...