ASAT Holdings Ltd fka ASTT

[Renee]

ASTT revoked:

http://www.sec.gov/litigation/admin/2015/34-75871.pdf

[pj McMulligan]

Nice pop from $.62 EOD yesterday to HOD $1.15 today on massive volume! Over 700k served today, largest volume in years. Why do I hear crickets in here? http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=astt&time=12

[pj McMulligan]

ASTT in today on chart and good news:


ASAT Holdings Limited Announces $20 Million of New Financing

via COMTEX

Sep 24, 2007 8:00:00 AM

HONG KONG and MILPITAS, Calif., Sept 24, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --

ASAT Holdings Limited (Nasdaq: ASTT) (the "Company"), a global provider of semiconductor package design, assembly and test services, today announced that its Chinese subsidiary ASAT Semiconductor (Dongguan) Limited ("ASDL") has received a commitment for RMB150 million (approximately US$20 million) of new financing from a Chinese bank in the form of a secured multi-currency revolving credit facility.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030414/ASATLOGO)

"As we have previously discussed, the key near-term objective has been to strengthen our financial position. By obtaining the credit facility we have delivered on this important goal and achieved another milestone in the implementation of our financial turnaround plan," said Kei Hong Chua, chief financial officer of ASAT Holdings Limited. "The facility supplements our existing cash flow and provides us with resources to expand our business during a period of positive growth for ASAT and our industry.

"We believe the overwhelming support we received in our recent consent solicitation and the competitive terms of this financing package demonstrate the fundamental soundness of our business," said Mr. Chua. "In the last 12 months we have undertaken a complete re-engineering of nearly every aspect of how we do business. We have made enormous progress and ASAT is emerging as a strong competitor in the assembly and test market."

Financing Terms

The multi-currency revolving credit facility has an aggregate commitment of RMB150 million secured by ASDLs trade receivables. Interest on borrowings under the facility will be at the applicable index rate plus 0.80%.

About ASAT Holdings Limited

ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 18 years of experience, the Company offers a definitive selection of semiconductor packages and world-class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products. Today the Company has operations in the United States, Asia and Europe. For more information, visit http://www.asat.com.

[Dingie1234567]

Where is it going?

[Firehawk7_2000]

The MM's are shaken it lose, dropping the PPS to get some nice cheap shares. Common practice they use. I see a small bounce maybe. 4 months down the road I see it above a $1.00

[FullHouseBaby]

Could you explain that in more detail? Any idea why the stock took a BIG dump past 3 trading days? I smell bounce tomorrow or Tuesday.

Any thoughts?

[Firehawk7_2000]

It is a hold onto item till jan or feb, maybe even march. There are some inside things going on here that should come to light soon. :)

[Eagle1]

Firehawk, whats kicking here?

Nice to see you back friend!

Eagle1,

[Firehawk7_2000]

LOAD AND HOLD!

[Firehawk7_2000]

Just made this board today. Will be working on getting updates and answers later this evening. I see this should bring us in a nice little profit come feb or mar.

[FullHouseBaby]

Anyone here? I wondering why this stock dropped so much past few days. Possible bounce soon. IMO.