Thursday 12 Nov 2026
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HONG KONG (Nov 6): China's Jiangsu Changjiang Electronics Technology Co Ltd (JCET) has agreed to buy Temasek Holdings-controlled STATS ChipPAC, valuing the Singapore company at about $1.8 billion including debt, people familiar with the matter told Reuters.

JCET, active in the semiconductor business, has agreed to pay S$0.46 for each share in STATS ChipPAC, one of the people said. STATS ChipPAC shares closed Friday at S$0.58, and trading was halted on Monday pending an announcement. STATS ChipPAC, about 84 percent-owned by Singapore state fund Temasek, provides semiconductor packaging design and assembly solutions.

STATS ChipPAC and JCET did not reply to emails seeking comments, while Temasek declined to comment.

A deal is likely to be announced as early as Thursday, the people said, declining to be identified as details were not public.

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