ChipMOS shareholders approve Tsinghua investment

Shareholders of ChipMOS Technologies have approved the company's plan to sell a 25% stake to China's state-owned Tsinghua Unigroup. ChipMOS Technologies (Bermuda) has announced that the required greater than 50% of shareholders of ChipMOS Technologies (ChipMOS Taiwan) have voted in person or by proxy to approve the proposed private placement with Tsinghua Unigroup. In total, 99.3% of the shares voted were voted in favor of the proposed private placement, representing approximately 88.7% of the total shares outstanding of ChipMOS Taiwan.

from DIGITIMES: IT news from Asia http://ift.tt/1VuHvP9
via Yuichun