Chip Firm UTAC’s Planned Sale Draws Interest From Sinar Mas, TCL

Private equity firm Wise Road Capitalhas shortlisted bidders for the potential sale of semiconductor assembly and testing company UTAC Holdings Ltd., according to people familiar with the situation.

Indonesian conglomerate Sinar Mas Group, Chinese electronics firm TCL Technology Group Corp.and chipmaker United Nova Technology Co. are among companies in the running and considering making binding offers for UTAC, the people said, asking not to be identified discussing a private matter.

Deliberations are at an early stage and may not lead to bids, the people said.

Wise Road didn’t respond to requests for comment. TCL, UNT ...