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Chartered Semiconductor Postpones Global
Offering
SINGAPORE -- April 17, 2000 -- Chartered Semiconductor Manufacturing Ltd.
(Nasdaq: CHRT and SGX-ST: CHARTERED) today announced that due to current stock
market conditions it has postponed the previously announced global offering of
213,000,000 ordinary shares, directly or in the form of American Depositary
Shares. The proposed offering consisted of 78,000,000 ordinary shares offered
by Chartered and 135,000,000 ordinary shares offering by selling shareholders.
- About Chartered
- Chartered Semiconductor Manufacturing Ltd (Nasdaq: CHRT and SGX-ST:
CHARTERED) is one of the world's leading independent foundries providing wafer
fabrication services. Guided by the tenets of trust, service, partnership,
advanced technology and stability, the Company aims to provide world-class
semiconductor foundry services that enable customers to create and deliver
market-leading system-level solutions. Chartered operates five fabrication
facilities that serve high-growth, technologically advanced applications such
as communications and networking. Headquartered in Singapore, Chartered
employs approximately 3400 people at its 11 locations in North America, Asia
and Europe.
No Offering
- A registration statement relating to these securities has been filed with
the U.S. Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This news 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 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.
-
- This news release is not an offer of the Company's securities for sale in
or out of the United States. The Company's securities may not be offered or
sold in the United States absent registration or an exemption from
registration. Any public offering of the Company's securities to be made in
the United States will be made by means of a prospectus that may be obtained
from the Company and that will contain detailed information about the Company
and management, as well as financial statements
-
- Chartered completed its global initial public offering in October 1999 and
is traded in the United States on Nasdaq and in Singapore on the Singapore
Exchange Securities Trading Limited (SGX-ST).
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