SC 13G/A 1 u92286sc13gza.txt SINGAPORE TECHNOLOGIES PTE LTD UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1)* ST ASSEMBLY TEST SERVICES LTD -------------------------------------------------------------------------------- (Name of Issuer) ORDINARY SHARES, S$0.25 PAR VALUE -------------------------------------------------------------------------------- (Title of Class of Securities) 85227G102 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2003 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ X ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G --------------------------------- --------------------------------- CUSIP No. 85227G102 -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) TEMASEK HOLDINGS (PRIVATE) LIMITED -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION REPUBLIC OF SINGAPORE -------------------------------------------------------------------------------- 5 SOLE VOTING POWER -- NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 712,228,050** REPORTING ----------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER -- ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 712,228,050** -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 712,228,050** -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 66.15% AS AT JANUARY 31, 2004 -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT ** SEE ITEM 4 OF SCHEDULE SCHEDULE 13G --------------------------------- --------------------------------- CUSIP No. 85227G102 -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SINGAPORE TECHNOLOGIES PTE LTD -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION REPUBLIC OF SINGAPORE -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF -- SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH REPORTING 712,228,050** PERSON WITH ----------------------------------------------------- 7 SOLE DISPOSITIVE POWER -- ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 712,228,050** -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 712,228,050** -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 66.15% AS AT JANUARY 31, 2004 -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT ** SEE ITEM 4 OF SCHEDULE 2 SCHEDULE 13G --------------------------------- --------------------------------- CUSIP No. 85227G102 -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SINGAPORE TECHNOLOGIES SEMICONDUCTORS PTE LTD -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION REPUBLIC OF SINGAPORE -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 712,228,050** SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH -- REPORTING ----------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 712,228,050** ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER -- -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 712,228,050** -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 66.15% AS AT JANUARY 31, 2004 -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON HC -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT ** SEE ITEM 4 OF SCHEDULE 3 This Schedule 13G filing amends and restates in its entirety the Schedule 13G filed on February 14, 2001. ITEM 1(a). NAME OF ISSUER The name of the issuer is ST ASSEMBLY TEST SERVICES LTD, a company organized under the laws of the Republic of Singapore (the "Issuer"). ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES The principal executive offices of the Issuer are located at 5 Yishun Street 23, Singapore 768442. ITEM 2(a) NAME OF PERSON FILING The persons filing this Statement are (i) Temasek Holdings (Private) Limited ("Temasek"), a company organized under the laws of the Republic of Singapore, (ii) Singapore Technologies Pte Ltd, a company organized under the laws of the Republic of Singapore ("Singapore Technologies") and a directly and indirectly held wholly-owned subsidiary of Temasek, and (iii) Singapore Technologies Semiconductors Pte Ltd ("Singapore Technologies Semiconductors"), a company organized under the laws of the Republic of Singapore and a wholly owned subsidiary of Singapore Technologies. ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE The address of the principal business office of Temasek is 60B Orchard Road #06-18 Tower 2 The Atrium@Orchard, Singapore 238891. The address of the principal business office of Singapore Technologies is 51 Cuppage Road #09-01 StarHub Centre, Singapore 229469. The address of the principal business office of Singapore Technologies Semiconductors is 51 Cuppage Road #09-01 StarHub Centre, Singapore 229469. ITEM 2(c) CITIZENSHIP Temasek, Singapore Technologies and Singapore Technologies Semiconductors are all companies organized under the laws of the Republic of Singapore. ITEM 2(d) TITLE OF CLASS OF SECURITIES This information statement relates to the Ordinary Shares, S$0.25 par value per share, of the Issuer (the "Ordinary Shares"). ITEM 2(e) CUSIP NUMBER The CUSIP number of the Ordinary Shares is 85227G102. ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: Not applicable. 4 ITEM 4 OWNERSHIP a) Amount beneficially owned: On December 29, 2003, Singapore Technologies transferred the 511,532,398 Ordinary Shares it directly owned to Singapore Technologies Semiconductors. Singapore Technologies Semiconductors directly owns 712,228,050 Ordinary Shares. As noted in Item 2(a) above, Singapore Technologies Semiconductors is wholly owned by Singapore Technologies, which, in turn, is a directly and indirectly held wholly-owned subsidiary of Temasek and therefore Singapore Technologies and Temasek may be deemed to beneficially own the Ordinary Shares directly owned by Singapore Technologies Semiconductors. The filing of this Statement, however, should not be construed as an admission that Temasek is, for purposes of Section 13(g) of the Act, the beneficial owner of any of the Ordinary Shares directly owned by Singapore Technologies Semiconductors. As described above, Temasek and Singapore Technologies may be deemed to beneficially own 712,228,050 Ordinary Shares. In October 2003, Singapore Technologies Semiconductors agreed to lend up to 75,000,000 Ordinary Shares to two investment banks (37,500,000 to each bank). Singapore Technologies Semiconductors retains a contractual interest in such Ordinary Shares and continues to beneficially own an equivalent number of such Ordinary Shares. b) Percent of class: The Ordinary Shares that may be deemed to be beneficially owned by Temasek and Singapore Technologies constitute approximately 66.15% of the Ordinary Shares outstanding as at January 31, 2004. The Ordinary Shares directly owned by Singapore Technologies Semiconductors constitute approximately 66.15% of the Ordinary Shares outstanding as at January 31, 2004. c) Number of shares as to which such person has: With respect to the shared power to vote, or to direct the vote, and to dispose, or to direct the disposition of, Ordinary Shares please see Item 4(a) above regarding qualifications as to beneficial ownership. (i) Sole power to vote or to direct the vote Singapore Technologies Semiconductors: 712,228,050 Ordinary Shares (ii) Shared power to vote or to direct the vote Temasek: 712,228,050 Ordinary Shares Singapore Technologies: 712,228,050 Ordinary Shares (iii) Sole power to dispose or to direct the disposition Singapore Technologies Semiconductors: 712,228,050 Ordinary Shares (iv) Shared power to dispose or to direct the disposition of Temasek: 712,228,050 Ordinary Shares Singapore Technologies: 712,228,050 Ordinary Shares 5 ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON Not applicable ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable ITEM 9 NOTICE OF DISSOLUTION OF GROUP Not applicable ITEM 10 CERTIFICATIONS Not applicable 6 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. TEMASEK HOLDINGS (PRIVATE) LIMITED February 13, 2004 By /s/ Jeffrey Chua --------------------------------- Name: Jeffrey Chua Title: Director, Legal & Secretariat SINGAPORE TECHNOLOGIES PTE LTD February 13, 2004 By /s/ Chua Su Li --------------------------------- Name: Chua Su Li Title: Company Secretary SINGAPORE TECHNOLOGIES SEMICONDUCTORS PTE LTD February 13, 2004 By /s/ Chua Su Li --------------------------------- Name: Chua Su Li Title: Company Secretary 7