May 26, 2016 / 9:46 AM / a year ago

BRIEF-Taiwan ASE , SPIL say they will form new holding co

May 26 (Reuters) - Taiwan’s Advanced Semiconductor Engineering Inc (ASE) and Siliconware Precision Industries Co (SPIL)

* Say they will form new holding company

* Say they will swap stock into new holding company

* Say MOU not binding, company boards must approve by June 25

* Say ASE to swap 1 share for 0.5 share in new holding company, SPIL to swap 1 share for cash T$55 ($1.69) Further company coverage: ($1 = 32.5350 Taiwan dollars) (Reporting by J.R. Wu)

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