6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2010

Commission File Number: 000-29103

STATS CHIPPAC LTD.

(Translation of registrant’s name into English)

10 Ang Mo Kio Street 65
#05-17/20 Techpoint
Singapore 569059
(65) 6824-7777

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: þ Form 20-F     o Form 40-F

Note: The registrant deregistered and terminated its reporting obligations under the Securities Exchange Act of 1934 in August 2009 and is filing its annual report on Form 20-F as a voluntary filer.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

TABLE OF CONTENTS

Ex-99.1 Announcement of STATS ChipPAC Ltd. dated October 5, 2010.

Other Events

On October 5, 2010, STATS ChipPAC Ltd. (the “Company”) issued an announcement on the Singapore Exchange Securities Trading Limited (“SGX-ST”), announcing that the High Court of the Republic of Singapore confirmed its approval of the Company’s proposed capital reduction and cash distribution. A copy of the SGX-ST announcement dated October 5, 2010 is attached hereto as Exhibit 99.1.

Exhibit

99.1 Announcement of STATS ChipPAC Ltd. dated October 5, 2010.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 5, 2010

STATS CHIPPAC LTD.
By:	/s/ Tay Lay Koon
Name:	Tan Lay Koon
Title:	President & Chief Executive Officer
By:	/s/ John Lau
Name:	John Lau
Title:	Chief Financial Officer

EXHIBIT INDEX

99.1 Announcement of STATS ChipPAC Ltd. dated October 5, 2010.

EX-99.1

Exhibit 99.1

STATS ChipPAC Ltd.
(Incorporated in the Republic of Singapore)
Company Registration No. 199407932D

A N N O U N C E M E N T

NOTICE OF BOOKS CLOSURE FOR
CAPITAL REDUCTION AND CASH DISTRIBUTION

1. INTRODUCTION

The Board of Directors (the “Board”) of STATS ChipPAC Ltd. (the “Company”) refers to the announcement dated 16 August 2010 relating to a proposed capital reduction exercise (the “Capital Reduction”) pursuant to Section 78G of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), with the intention to effect a proposed aggregate cash distribution (the “Cash Distribution”) by the Company to shareholders of the Company (the “Shareholders”) of US$600 million or approximately US$0.27 for each issued ordinary share in the Company (“Share”) held as at a books closure date to be determined by the Directors. At an extraordinary general meeting held on 27 September 2010, Shareholders approved the Capital Reduction and Cash Distribution.

Unless otherwise defined, terms used in this Announcement shall have the same meanings as defined in the circular to Shareholders (the “Circular”) dated 2 September 2010.

2. CONFIRMATION BY THE HIGH COURT

The Board is pleased to announce that the Capital Reduction and Cash Distribution was confirmed by the High Court of the Republic of Singapore today. There are no other outstanding conditions to the Capital Reduction and the Cash Distribution. Accordingly, the Capital Reduction will become effective upon the lodgement by the Company of the Order of Court approving the Capital Reduction, together with the other documents prescribed under the Companies Act, with the Registrar of Companies and Businesses, which is expected to be on 20 October 2010. The exact entitlements of Shareholders to the Cash Distribution will be determined as at the Books Closure Date (as defined below).

3. NOTICE OF BOOKS CLOSURE

Notice is hereby given that the Transfer Books and Register of Members of the Company will be closed from 5.00 p.m. on 20 October 2010 (the “Books Closure Date”) for the purpose of determining the entitlements of Shareholders under the Capital Reduction and Cash Distribution.

Duly completed registrable transfers of Shares received by the share registrar of the Company, M & C Services Private Limited at 138 Robinson Road, #17-00, The Corporate Office, Singapore 068906, up to 5.00 p.m. on 20 October 2010 will be registered to determine shareholders’ entitlements to the Cash Distribution. Shareholders whose Securities Accounts with The Central Depository (Pte) Limited (“CDP”) are credited with Shares at 5.00 p.m. on 20 October 2010 will be entitled to the Cash Distribution.

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4. ENTITLEMENTS OF SHAREHOLDERS TO THE CASH DISTRIBUTION

As stated in the Circular, each Shareholder is expected to receive a Cash Distribution of approximately US$0.27 for each Share held as at the Books Closure Date pursuant to the Capital Reduction. For illustration purposes, based on the issued share capital of the Company of approximately US$2,036 million comprising approximately 2,202,218,293 Shares as at the date hereof (the “Announcement Date”):

(a)	assuming that during the period between the Announcement Date and the Books Closure Date, none of the outstanding Options as at the Announcement Date are exercised, the Cash Distribution to be returned to Shareholders pursuant to the Capital Reduction will be an amount of US$0.2725 for each Share held as at the Books Closure Date; and
(b)	assuming that during the period between the Announcement Date and the Books Closure Date, all of the outstanding Options as at the Announcement Date are exercised, the Cash Distribution to be returned to Shareholders pursuant to the Capital Reduction will be an amount of US$0.2711 for each Share held as at the Books Closure Date.

The exact entitlements of Shareholders to the Cash Distribution will be based on the issued share capital of the Company as at the Books Closure Date and will be announced as soon as practicable after the Books Closure Date.

5. TRADING OF SHARES

The last date and time of “cum” trading of the Shares on the SGX-ST is 15 October 2010 at 5.00 p.m.. Shareholders should note that Shares traded from 9.00 a.m. on 18 October 2010 will not be entitled to the Cash Distribution pursuant to the Capital Reduction.

6. IMPORTANT EVENTS AND DATES

Shareholders should note the following events and dates:

Last date and time of “cum” trading of the Shares on the SGX-ST	:	15 October 2010 at 5.00 p.m.
Commencement of “ex” trading of the Shares on the SGX-ST	:	18 October 2010 at 9.00 a.m.
Date Capital Reduction and Cash Distribution becomes effective	:	20 October 2010
Books Closure Date for the Capital Reduction and Cash Distribution	:	20 October 2010 at 5.00 p.m.
Expected Payment Date for the Cash Distribution through CDP	:	29 October 2010

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BY ORDER OF THE BOARD

Elaine Sin Mei Lin (Tan Mei Lin)
Company Secretary

5 October 2010