Listed since 31 January 2000 on SGX Mainboard, STATS Chippac Ltd main business focus consist of providing full turnkey test and assembly solutions to leading semiconductor companies worldwide.

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According to THE EDGE magazine, Stats Chippac leaves the sgx on June 4th.

leave STI as index linked or left SGX ?

Stats to be taken off STI next month
By Conrad Tan

May 24, 2007

The Business Times

STATS ChipPAC (Stats) will be removed from the Straits Times Index (STI) next month, after its free float fell below 12 per cent as a result of a takeover offer by Temasek Holdings.

The chip testing and packaging company currently makes up 0.927 per cent of the benchmark index, which comprises 50 blue-chip stocks weighted by market capitalisation. Its share price ended 8 per cent lower yesterday at $1.62.

After the close of its offer last Friday, Temasek gained control of 83.1 per cent of Stats, but fell short of the 90 per cent it needed to take the company private. The company's free float is now 11.88 per cent - still above the mandatory 10 per cent required to maintain its listing status.

But in a stock exchange filing yesterday, Stats said Temasek still intends to buy more of its shares in the open market, which may reduce the free float to less than 10 per cent. It may also lead to a suspension of the stock.

Singapore Press Holdings, the administrator of the index, said yesterday that the company will be removed from the index on June 4 because of its low free float. The combined market cap of the STI component stocks now accounts for just under two-thirds of the total market cap of stocks listed on the Singapore Exchange. The index is reviewed at least once a year.

haha, correct lor, leave STI as an index linked ma. Leave SGX means delist le.

dat means can short the counter liao
haahaa....
but becareful
:P