ChipMOS APPLIES TO TRANSFER LISTING TO NASDAQ CAPITAL MARKET
HSINCHU, Taiwan, Feb. 8 /PRNewswire-Asia-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) today announced that it has submitted an application to the NASDAQ Stock Market to transfer its listing to The NASDAQ Capital Market from The NASDAQ Global Select Market.
The Company earlier disclosed information about a deficiency letter received from the NASDAQ Stock Market Listing Qualifications Department on September 17, 2009. ChipMOS continues to meet all aspects of NASDAQ's stringent regulatory, corporate governance and financial requirements, other than NASDAQ's minimum bid price requirement.
If the transfer listing application for listing its securities on The NASDAQ Capital Market is approved, NASDAQ will notify the Company that it has been granted an additional 180 calendar day compliance period, commencing on March 16, 2010. If the Company is not so eligible for initial listing on The NASDAQ Capital Market, NASDAQ will provide written notice to Company informing that the Company's securities will be delisted. At that time, the Company may appeal the determination made by NASDAQ to delist its securities to a Listing Qualifications Panel or submit to NASDAQ, proposals that may be adopted regarding Company's definitive plan to address the subject of the deficiency letter.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS (http://www.chipmos.com ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Contacts:
In Taiwan R.O.C.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
Tel: +886-6-507-7712
[email protected]
In the U.S.
David Pasquale
Global IR Partners
Tel: +1-914-337-8801
[email protected]
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.
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