Contact Information: Investor Relations Contact: Tham Kah Locke Vice President of Corporate Finance Tel: (65) 6824 7788 Fax: (65) 6720 7826 email: Media Contact: Lisa Lavin Deputy Director of Corporate Communications Tel: (208) 939 3104 Fax: (208) 939 4817 email:
STATS ChipPAC Announces Repurchase of US$12.4 Million Principal Amount of Its Convertible Notes Due 2008
| Source: STATS ChipPAC
UNITED STATES--(Marketwire - January 3, 2008) - SINGAPORE - 1/3/2008 - STATS ChipPAC Ltd.
("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) (PINKSHEETS : STTSY ),
a leading independent semiconductor test and advanced packaging service
provider, today announced the repurchase of US$12.4 million principal
amount of its outstanding US$18.6 million zero coupon convertible notes due
2008 at a consideration of US$14.7 million. The Company financed the
repurchase with cash on hand. The Company will deliver the repurchased
convertible notes to the trustee under the indenture governing the
convertible notes for cancellation, whereupon US$6.2 million principal
amount, representing approximately 5.3% of the original US$115.0 million
principal amount, of the convertible notes will remain outstanding.
About STATS ChipPAC Ltd.
STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP) is
a leading service provider of semiconductor packaging design, assembly,
test and distribution solutions in diverse end market applications
including communications, digital consumer and computing. With global
headquarters in Singapore, STATS ChipPAC has design, research and
development, manufacturing or customer support offices in 10 different
countries. STATS ChipPAC is listed on the Singapore Exchange Securities
Trading Limited (SGX-ST). Further information is available at
www.statschippac.com. Information contained in this website does not
constitute a part of this release.