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Chartered Semiconductor Manufacturing Files Registration
Statements for Initial Public Offerings in Singapore and the United
States
SINGAPORE and MILPITAS, Calif. -- October 6, 1999 -- Chartered
Semiconductor Manufacturing Ltd. today announced that it has filed a
Registration Statement with the U.S. Securities and Exchange Commission for an
initial public offering of 225,000,000 ordinary shares, directly or in the
form of American Depositary Shares (ADSs).
The Company also announced that it has issued a Preliminary Prospectus in
Singapore in connection with the concurrent initial public offering of
25,000,000 ordinary shares in Singapore.
It is currently anticipated that the initial public offering price will be
between US$16.00 and US$18.00 per ADS and S$2.71 and S$3.05 per ordinary share
(the equivalent of US$1.60 and US$1.80 per ordinary share based on an exchange
rate of S$1.6940 to US$1.00 on October 1, 1999).
Application has been made for the ordinary shares to be listed on the Stock
Exchange of Singapore Limited (SES) and for the ADSs to be quoted on the
Nasdaq National Market (NASDAQ) in the United States.
Headquartered in Singapore, Chartered is one of the world's largest
dedicated semiconductor foundries. The Company provides wafer fabrication
services and technologies to semiconductor suppliers and manufacturers of
electronic systems.
The Company's global offering will be managed by Salomon Smith Barney,
Credit Suisse First Boston, Hambrecht & Quist, SG Cowen, SoundView
Technology Group, and its Singapore offering will be managed by Overseas Union
Bank Limited and Citicorp Investment Bank (Singapore) Limited. When available,
a copy of the U.S. prospectus may be obtained from Salomon Smith Barney, Inc.,
388 Greenwich Street, New York, New York 10013; telephone 212-816-6000; Credit
Suisse First Boston Corporation, Prospectus Department, Eleven Madison Avenue,
New York, New York 10010, telephone 212-325-2000; Hambrecht & Quist, LLC.
One Bush Street, San Francisco, California 94104, telephone 415-439-3300; SG
Cowen Securities Corporation, Two International Place, Boston, Massachusetts
02110, telephone 617-946-3700; SoundView Technology Group, Inc., 22 Gatehouse
Road, Stamford, CT 06911, telephone 203-462-7200.
A Registration Statement relating to these securities has been filed with
the U.S. Securities and Exchange Commission but has not yet been declared
effective. The securities covered by such Registration Statement may not be
sold nor may offers to buy be accepted prior to the time the Registration
Statement has been declared effective. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any State or other Jurisdiction in which such
offer solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such State or Jurisdiction. The
securities covered by the Preliminary Prospectus issued in Singapore may not
be sold nor may offers to buy be accepted in Singapore until the Prospectus is
issued in Singapore in final form.
All ordinary shares in the offering will be sold by the Company and will
constitute new financing.
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