EXHIBIT 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_______________________________
FORM T-1
STATEMENT OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE
_______________________________
FIRSTAR BANK, N.A.
f/k/a FIRSTAR BANK OF MINNESOTA, N.A.
(Exact name of Trustee as specified in its charter)
A National Banking Association 41-0122055
(State of incorporation if (IRS Employer
not a national bank) Identification No.)
101 East Fifth Street
Corporate Trust Department
St. Paul, Minnesota 55101
(Address of principal executive offices) (Zip Code)
FIRSTAR BANK, N.A.
101 East Fifth Street
St. Paul, Minnesota 55101
(651) 229-2600
(Exact name, address and telephone number of agent for service)
_______________________________
ChipPAC International Company Limited
(Exact name of registrant as specified in its charter)
British Virgin Islands
66-0573152
(State of incorporation or (IRS Employer
other jurisdiction) Identification No.)
Craigmuir Chambers
Road Town
Tortola, British Virgin Islands
(Address of principal executive offices) (Zip Code)
___________________________________________________
12 3/4% Series B Senior Subordinated Notes due 2009
(Title of Indenture Securities)
ChipPAC, Inc.
California 77-0463-48
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ChipPAC Liquidity Management Hungary Limited Liability Company
Hungary 98-0209814
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ChipPAC Luxembourg S.a.R.L
Luxembourg 98-0209817
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ChipPAC Korea Company, Ltd.
Republic of Korea 98-0209695
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ChipPAC Limited
British Virgin Islands 98-0209699
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ChipPAC (Barbados) Ltd.
Barbados 98-0209821
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Item 1. General Information. Furnish the following information as to the
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trustee:
(a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of the Currency
Treasury Department
Washington, DC
Federal Deposit Insurance Corporation
Washington, DC
The Board of Governors of the Federal Reserve System
Washington, DC
(b) The Trustee is authorized to exercise corporate trust powers.
GENERAL
Item 2. Affiliations with Obligor and Underwriters. If the obligor or any
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underwriter for the obligor is an affiliate of the Trustee, describe
each such affiliation.
None
See Note following Item 16.
Items 3-15 are not applicable because to the best of the Trustee's knowledge the
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obligor is not in default under any Indenture for which the Trustee acts as
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Trustee.
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Item 16. List of Exhibits. Listed below are all the exhibits filed as a part of
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this statement of eligibility and qualification. Exhibits 1-4 are
incorporated by reference from filing 333-48849. Exhibit 7 is
incorporated by reference from filing 333-79659.
Exhibit 1. Copy of Articles of Association of the trustee now in
effect.
Exhibit 2. a. A copy of the certificate of the Comptroller of Currency
dated June 1, 1965, authorizing Firstar Bank, N.A. to
act as fiduciary.
b. A copy of the certificate of authority of the trustee to
commence business issued June 9, 1903 by the Comptroller
of the Currency to Firstar Bank, N.A.
Exhibit 3. A copy of the authorization of the trustee to exercise
corporate trust powers issued by the Federal Reserve Board.
Exhibit 4. Copy of the By-Laws of the trustee as now in effect.
Exhibit 5. Copy of each Indenture referred to in Item 4.
Exhibit 6. The consent of the trustee required by Section 321(b) of
the Act.
Exhibit 7. A copy of the latest report of condition of the trustee
published pursuant to law or the requirements of its
supervising or examining authority.
NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligor within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligor, or affiliates, are based
upon information furnished to the Trustee by the obligor. While the Trustee
has no reason to doubt the accuracy of any such information, it cannot accept
any responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, a national banking association organized and existing under the laws of
the United States, has duly caused this statement of eligibility and
qualification to be signed on its behalf by the undersigned, thereunto duly
authorized, and its seal to be hereunto affixed and attested, all in the City of
Saint Paul and State of Minnesota on the 27th day of September, 1999.
FIRSTAR BANK, N.A.
(Seal)
/s/ Angela M. Weidell-LaBathe
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Angela M. Weidell-LaBathe
Assistant Vice President
EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the
undersigned, Firstar Bank, N.A., hereby consents that reports of examination of
the undersigned by Federal, State, Territorial or District authorities may be
furnished by such authorities to the Securities and Exchange Commission upon its
request therefor.
Dated: September 27, 1999
FIRSTAR BANK, N.A.
/s/ Angela M. Weidell-LaBathe
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Angela M. Weidell-LaBathe
Assistant Vice President