| Ticker: ASTSF | 2/F, 25 Kai-Far Road, Nantza Export Processing Zone | |
| Exchange: NASDAQ-National Market | Kaohsiung, Foreign | |
| Industry: Manufacturing | 8673636641 |
| Type of Shares: | Ordinary Shares | Filing Date: | 5/16/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 6/5/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $26,000,000 | Selling: | $0.60 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 14,458,390 | |||
| Spin out parent firm: | ASE Inc. | |||
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/96 | |||
| Revenue: | $35.70 | $12.10 | Assets: | $84.40 | |
| Net Income: | $11.50 | $3.80 | Liabilities: | $35.70 | |
| EPS: | $0.92 | $0.31 | Equity: | $48.70 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the largest independent integrated circuit (IC) testing company in Taiwan and one of the largest in the world. Independent IC testing companies such as the company account for a small portion of worldwide IC testing capacity compared to in-house testing conducted by integrated semiconductor companies. The company provides a broad range of IC testing services, including testing logic, mixed-signal and memory functions of packaged ICs, wafer probing and variety of related services. A significant majority of the company's net revenues from testing services in 1995 was derived from testing complex, high-performance logic products. IC testing is the final stage of IC production and is a highly complex process which requires sophisticated testing machines, engineering capabilities and customized software programs to verify specific logic or memory functions of the particular ICs tested. |
| Use of Proceeds |
| The proceeds from the offering will be used to fund a portion of the company's capital expenditure requirements and for working capital and for general corporate purposes. |
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