ASAT Holdings Limited Regains Compliance With Nasdaq Minimum Bid Price Requirement
29 Octubre 2007 - 6:00AM
PR Newswire (US)
HONG KONG and MILPITAS, Calif., Oct. 29 /PRNewswire-FirstCall/ --
ASAT Holdings Limited (NASDAQ:ASTT) (the "Company"), a global
provider of semiconductor package design, assembly and test
services, today announced that it received a Nasdaq Staff Letter,
dated October 25, 2007, advising that the Company regained
compliance with the $1.00 minimum bid price requirement for
continued listing found in Nasdaq Marketplace Rule
4320(e)(2)(E)(ii). (Logo:
http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO ) On July 30,
2007, Nasdaq notified the Company that its American Depositary
Shares failed to maintain the minimum bid price of $1.00 over the
previous 30 consecutive business days as required by the Nasdaq
Marketplace Rules. Since then, the closing bid price of the
Company's American Depositary Shares has been at $1.00 per share or
greater for at least 10 consecutive business days. Therefore, the
Company was informed by Nasdaq that this matter is now closed.
About ASAT Holdings Limited ASAT Holdings Limited is a global
provider of semiconductor package design, assembly and test
services. With 18 years of experience, the Company offers a
definitive selection of semiconductor packages and world-class
manufacturing lines. ASAT's advanced package portfolio includes
standard and high thermal performance ball grid arrays, leadless
plastic chip carriers, thin array plastic packages,
system-in-package and flip chip. ASAT was the first company to
develop moisture sensitive level one capability on standard leaded
products. Today the Company has operations in the United States,
Asia and Europe. For more information, visit http://www.asat.com/.
Safe Harbor This news release contains statements and information
that involve risks, uncertainties and assumptions. These statements
and information constitute "forward-looking statements" within the
meaning of federal securities laws including Section 27A of the
United States Securities Act of 1933, as amended, and Section 21E
of the United States Securities Exchange Act of 1934, as amended.
Such forward-looking statements, including statements regarding
compliance with Nasdaq listing requirements, involve known and
unknown risks, uncertainties, assumptions and other factors that
could cause the actual performance, financial condition or results
of operations of ASAT Holdings Limited to differ materially from
those expressed or implied in any forward- looking statement.
Investors are cautioned that actual events and results could differ
materially from those contained in these statements as a result of
a variety of factors, including conditions in the overall
semiconductor market and economy, the need for additional funding
and the risk that financing may not be obtained, our progress in
ramping our new China facility, acceptance and demand for the
Company's products and services, operational and technological
risks and revisions to the preliminary unaudited financial results
which may occur during preparation of financial statements and
disclosures. The risks, uncertainties and other factors also
include, among others, our ability to successfully implement our
diversification strategy and our long-term growth strategy, our
ability to continue to realize operational efficiencies and
improvements to our cost structure, our ability to obtain
additional new financing, the possible delisting of the Company's
securities from Nasdaq, and those risks, uncertainties, assumptions
and other factors stated in the section entitled "Risk Factors" in
our Annual Report on Form 20- F filed with the United States
Securities and Exchange Commission on October 15, 2007 and the
section entitled "Risk Factors" in our quarterly reports on Form
6-K filed with the United States Securities and Exchange
Commission. The forward-looking statements in this release reflect
the current beliefs and expectations of the Company as of this
date, and the Company undertakes no obligation to update these
projections and forward-looking statements to reflect actual
results or events or circumstances that occur after the date of
this news release.
http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGODATASOURCE:
ASAT Holdings Limited CONTACT: Jim Fanucchi, Summit IR Group Inc.,
+1-408-404-5400, , for ASAT Holdings Limited Web site:
http://www.asat.com/
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