CHIPMOS' SUBSIDIARY SUBMITS TAIWAN STOCK EXCHANGE LISTING APPLICATION
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.
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.