Actions Semiconductor Comments on Proposed Secondary Offering
Sep 5, 2006
ZHUHAI, China, Sept. 5 /Xinhua-PRNewswire/ -- Actions Semiconductor Co., Ltd. (NASDAQ:ACTS) , one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) solutions for portable consumer electronics, today commented on the proposed secondary offering of 12,000,000 American Depositary Shares (ADSs) it announced on July 20, 2006. The Company and its selling shareholders are continually evaluating market conditions and will proceed with the offering at such time as they consider market conditions to be favourable.
About Actions Semiconductor
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and references to the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing and Shenzhen.
A registration statement relating to the ADSs has been filed with the SEC but has not yet become effective. The ADSs may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
For more information, please contact: Investor Contacts: Suzanne Craig The Blueshirt Group Tel: +1-415-217-4962 Email: firstname.lastname@example.org or Lisa Laukkanen The Blueshirt Group Tel: +1-415-217-4967 Email: email@example.com Chung Hsu Director of Investor Relations Actions Semiconductor Tel: +86-756-3392-353 x1015 Email: firstname.lastname@example.org
Source: Actions Semiconductor Co., Ltd.
CONTACT: Investor Contacts - Suzanne Craig, +1-415-217-4962, or
email@example.com, or Lisa Laukkanen, +1-415-217-4967, or
firstname.lastname@example.org, both of The Blueshirt Group, for Actions; or Chung
Hsu, Director of Investor Relations of Actions Semiconductor, +86-756-3392-353
x1015, or email@example.com