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Chartered Semiconductor Manufacturing
Aggregate
Shares Purchased By Underwriters
SINGAPORE -- May 18, 2000 -- Chartered Semiconductor Manufacturing Ltd.
(Nasdaq: CHRT and SGX-ST: CHARTERED)has announced that the underwriters of its
global public offering of 135,100,000 ordinary shares, directly or in the form
of American Depository Shares (ADSs), have exercised their option to purchase
20,265,000 additional ordinary shares, directly or in the form of ADSs, to
cover over-allotments. The underwriters are exercising the option with respect
to 11,700,000 shares from Chartered Semiconductor Manufacturing Ltd. and
8,565,000 shares from Singapore Technologies Semiconductors Pte. Ltd.
- About Chartered
- Chartered Semiconductor Manufacturing Ltd. 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.
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- Headquartered in Singapore, Chartered employs approximately 3400 people at
its 11 locations in North America, Asia and Europe. The Company reported 1999
net revenues of US $694.3 million.
- No Offering
- 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 state or jurisdiction. 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.
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