GTA Semiconductor on its $293 Million Privatisation of Advanced Semiconductor Manufacturing Corporation Limited

King & Wood Mallesons (KWM) is advising GTA Semiconductor Co., Ltd. (GTA Semiconductor), an indirect wholly-owned subsidiary of China Electronics Corporation (CEC), on its privatisation of Advanced Semiconductor Manufacturing Corporation Limited (ASMC, HKEX Stock Code: 3355) by way of merger by absorption.

The total value of this transaction is approximately HK$2.3 billion. The H-shares of ASMC will be delisted from the Hong Kong Stock Exchange on 25 January 2019. KWM is acting for GTA Semiconductor as the offeror in respect of the laws of both Hong Kong and the PRC. CICC is the financial advisor to GTA Semiconductors.

GTA Semiconductor Co., Ltd. manufactures semiconductors. The company was incorporated in 2017 and is based in China.

The KWM Hong Kong, Beijing and Shanghai team is led by Dr. Sheldon Tse (Picture), partner and Head of Corporate & Securities Practice, Gong Mulong (Beijing), partner and Head of Finance and Capital Markets group, along with partners of the Regulatory & Compliance group Tony Dong (Tax, Beijing) and Chai Zhifeng (Antitrust, Shanghai).

Involved fees earner: Tony Dong – King & Wood Mallesons; Gong Mulong – King & Wood Mallesons; Sheldon Tse – King & Wood Mallesons; Chai Zhifeng – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: GTA Semiconductor Co., Ltd. ;


Author: Michael Patrini