ASAT Holdings Limited announces transfer to Nasdaq capital market
Dec 01, 2005
ASAT Holdings Limited has announced that its application to transfer the listing of its American Depository Shares (ADSs) to the Nasdaq Capital Market from the Nasdaq National Market has been approved by the Nasdaq Listings Qualifications Staff.
As a result of Nasdaq's approval, the Company's securities will be transferred to the Nasdaq Capital Market and begin trading effective November 30, 2005. The Company's ADSs will continue to be listed and traded under the ticker symbol "ASTT."
"ASAT is committed to increasing its shareholder value, and we believe by executing on our long-term business strategy of consolidating all manufacturing to our new low-cost facility in China, diversifying the markets we serve, and expanding leadership in new package development we will improve shareholder value," said Robert J. Gange, president and chief executive officer of ASAT Holdings Limited. "We look forward to remaining listed with the Nasdaq Stock Market during this important period in our business development."