logo
Plus   Neg
Share
Email

Anti-Monopoly Bureau In China Lifts Restrictive Conditions On ASE-SPIL Deal

ASE Technology Holding Co., Ltd. (ASX) announced the Anti-Monopoly Bureau in China has lifted the restrictive conditions on the joint establishment of ASE Technology Holding Co by Advanced Semiconductor Engineering, Inc. and Siliconware Precision Industries Co., Ltd.

Advanced Semiconductor Engineering and SPIL jointly announced on June 30, 2016 that both companies plan to establish ASE Technology Holding Co. The deal was conditionally approved by the Anti-Monopoly Bureau on November 24, 2017. The companies will be able to cooperate more closely after the restrictive conditions have been lifted.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla has cut prices of its electric cars in North America following a decline in auto demand during the coronavirus-induced lockdowns. The company is also reducing the prices for its vehicles in China. The luxury electric car maker has reduced the prices for its flagship Model S sedan and the Model X sport utility vehicle by $5,000 each. The U.S. Food and Drug Administration granted approval for Artesunate for Injection 110 mg, powder and solvent for solution to biopharmaceutical company Amivas (US), LLC as the only FDA-approved drug now in the U.S. for the first-line treatment of severe malaria in adult and pediatric patients. It is also the first FDA-approved product that Amivas has introduced to their commercial portfolio. Retail giant Walmart Inc. is entering the fashion resale market through its partnership with thredUP, an online consignment store for second-hand fashion and accessories. The deal will enable Walmart to expand its online fashion offerings. Walmart said that starting Wednesday, customers can browse nearly 750,000 pre-owned items across women's and children's clothing, accessories and footwear.
Follow RTT