TAICHUNG, Sept. 6, 2015 /CNW/ -- According to recent media reports, Advanced Semiconductor Engineering, Inc.'s (Taiwan Stock Exchange: 2311.TT, NASDAQ:ASX) ("ASE") Chairman Jason C.S. Chang and COO Tien Wu have responded to the conclusions of Siliconware Precision Industries Co., Ltd.'s (Taiwan Stock Exchange: 2325.TT, NASDAQ:SPIL) (the "Company") Review Committee's August 28, 2015 meeting (the "ASE Response"). The Company's Review Committee held a meeting today and the Review Committee's additional comments are as follows:
1. The ASE Response expresses that, in accordance with law, ASE's tender offer could not be publicly disclosed prior to being made and that due to legal restrictions, ASE could not notify the Company beforehand. However, according to legal research, Taiwan laws and regulations do not prohibit a company making a tender offer from communicating with the target company of the tender offer in order to facilitate the tender offer process. In actuality, there are few precedents in Taiwan where an entity making a tender offer has not communicated with the tender offer target company. ASE clearly has a misunderstanding of Taiwan laws and the tender offer practice.
2. The ASE Response professes that ASE's tender offer is purely a financial investment and that ASE will not interfere with the business operations of the Company. The Review Committee, on the basis of protecting the interests of the Company's shareholders, recommends ASE to formally state and confirm in the tender offer prospectus and the documents and announcements submitted to the competent authority that ASE's tender offer is purely a financial investment, that ASE will not interfere with the business operations of the Company and that, while ASE holds the Company's shares, it will not directly or indirectly be a director of the Company or nominate anyone to be a director of the Company. This will better allow the Company's shareholders to decide whether or not to participate in ASE's tender offer.
SOURCE Siliconware Precision Industries Co., Ltd.