Time:11/30/2005 10:18:46 PM
  • Actions News

New York, December 1, 2005  -- Today, Actions Semiconductor Co., Ltd. (NASDAQ: ACTS), a fabless semiconductor companies located in China, providing system-on-a-chip solutions for the development and manufacture of personal media or music players, announced its initial public offering of 9,000,000 American depositary shares, or ADSs. Each ADS represents six ordinary shares. The ADSs are evidenced by American depository receipts, or ADRs. The ADSs began trading today at US$8.00 per ADS on the NASDAQ National Market under the symbol "ACTS."

 

The offering consisted of 6,000,000 ADSs offered by Actions and 3,000,000 ADSs offered by selling shareholders. The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,350,000 ADSs to cover over-allotments, if any.

 

Credit Suisse First Boston acted as lead underwriter and sole book-runner and CIBC World Markets and WR Hambrecht + Co. as co-managers.

 

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.

 

About Actions Semiconductor

 

Actions Semiconductor is a fabless semiconductor company located in Zhuhai, China, providing system-on-a-chip (SoC) products and total solutions for the design, development and manufacture of personal media or music players.

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For further information, please contact:

US

Stefan Anikewich

Hill & Knowlton (New York)

Tel: (1) 212 885 0505

Email: stefan.anikewich@hillandknowlton.com

 

Asia

Annette Chiu

Hill & Knowlton (Hong Kong)

Tel: (852) 2894 6283

Email: annette.chiu@hillandknowlton.com.hk