Chartered Semiconductor Postpones Global Offering
SINGAPORE--(BUSINESS WIRE)--April 17, 2000--Chartered Semiconductor Manufacturing Ltd (Nasdaq:CHRT - news) 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.
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