Advanced Semiconductor Manufacturing Corporation Limited 上海先進半導體製造股份有限公司

ASMC (3355): some things we didn't tell you about our new director
Company announcement, 29-May-2014
This disclosure follows a complaint by Webb-site on 21-May-2014. Mr French was involved in an options backdating scandal at Cirrus Logic, over which he resigned in 2007. Too bad that ASMC shareholders were not told about this in the circular for his election at the AGM last week. The announcement says the board "is" aware of it - but were they aware before?
ASMC (3355): shareholders veto general issue mandate
Company announcement, 16-May-2012
This is a Chinese company, so the mandate to dilute shareholders requires a special resolution (2/3 majority) unlike the laxer HK requirement (ordinary resolution, 50%). They only got 59.9%, so the proposal was vetoed. It looks like NXP B.V. (the private equity consortium) was the main vote against. They have 408,806,888 shares at the last disclosure.

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