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Technology Stocks : Amkor Technology Inc (AMKR) -- Ignore unavailable to you. Want to Upgrade?

To: tech101 who wrote (528)	1/28/2000 12:58:00 PM
From: Jim Oravetz	Read Replies (2) \| Respond to of 1056

Korean Bks Reject Amkor Plan To Buy Anam Semicon Plants SEOUL -- The South Korean creditor banks of troubled Anam Semiconductor Inc. (Q.ASD) rejected Friday an offer made by Amkor Technology Inc. (AMKR) of the U.S. to buy the company's three chip-packaging plants, Chohung Bank (Q.CHB) said. Chohung Bank is Anam Semiconductor's key creditor bank. The bank said Amkor had submitted its offer to buy the three plants at $800 million in October last year, below the $1.11 billion estimate made by the creditors' advisors. The three plants, located near and in Seoul, generate annual sales of 600 billion won ($1=KRW1,120). The creditor banks plan to start renegotiating with Amkor on the sale of Anam Semiconductor's plants next week, the bank official said. Jim