# GTA Semiconductor to privatise Advanced Semiconductor Manufacturing Corp for HK$2.3B

GTA Semiconductor, a subsidiary of China Electronics Corporation, is acquiring Advanced Semiconductor Manufacturing Corporation Limited (ASMC) by merger for approximately HK$2.3 billion. ASMC's H-shares will be delisted from the Hong Kong Stock Exchange on 25 January 2019.

- Type: Acquisition
- Announced: 2019-01-23
- Where: China
- Value: $293.0M (2.30B HKD)
- Status: announced
- Products: semiconductor manufacturing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [China Electronics Corporation Holdings](https://endata.com/companies/22626.md) (investor)
- [Advanced Semiconductor Manufacturing Corporation](https://endata.com/companies/23742.md) (target)
- [GTA Semiconductor Co., Ltd.](https://endata.com/companies/31336.md) (acquirer)

## Sources

- [kingandwood.com](https://www.kingandwood.com/hk/en/about-us/media-center/kwm-advises-gta-semiconductor-on-its-privatisation-of-asmc.html), 2019-01-23: "The total value of this transaction is approximately HK$2.3 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.