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STATS ChipPAC Ltd.'s Special Committee Announces Dispatch of Circular Containing Independent Directors' Recommendations
STATS ChipPAC Ltd.('STATS ChipPAC' or the 'Company') (NASDAQ: STTS) and (SGX-ST: STATSChP), aleading independent semiconductor test and advanced packaging serviceprovider, refers to (a) the voluntary conditional cash offer (Offer)announced on March 1, 2007 by Goldman Sachs (Singapore) Pte, for and onbehalf of Singapore Technologies Semiconductors Pte Ltd (Offeror); (b) theCompany's announcement on March 13, 2007 of the appointment of MorganStanley Dean Witter Asia (Singapore) Pte (Morgan Stanley) as the financialadviser to advise the directors of the Company who are consideredindependent for the purpose of the Offer (Independent Directors); and (c)the announcement on March 16, 2007 by the Offeror of the dispatch of theOffer to Purchase setting out the terms and conditions of the Offer. Acopy of each of these announcements is available at the Singapore ExchangeSecurities Trading Limited (SGX-ST) website at www.sgx.com and a copy ofthe Offeror's announcements and the Company's announcements are availableon Schedule TO and Schedule 14D-9, respectively, at the U.S. SecuritiesExchange Commission (SEC) website at www.sec.gov.
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