Hung Ching Development & Construction Co. Ltd agreed to acquire 86.05% stake in Lu Chu Development Corp. from ASE Test, Inc. and Advanced Semiconductor Engineering,Inc. for TWD 2.4 billion on May 16, 2023.

The share purchase agreement shall be signed on June 27, 2023. The deal has been approved by board of directors of ASE Test, Inc. and Advanced Semiconductor Engineering,Inc.