Chartered Semiconductor Manufacturing Aggregate Shares Purchased by Underwriters.Business Editors SINGAPORE--(BUSINESS WIRE)--May 18, 2000 Chartered Semiconductor Manufacturing Chartered Semiconductor Manufacturing SGX: C27 NASDAQ: CHRT (abbreviated CSM) is the world's fourth largest dedicated independent semiconductor foundry, with its headquarters and main operations located in the Woodlands Industrial Park, Kranji Singapore. Ltd 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 Exercising the option The act of buying or selling the underlying asset via the option contract. with respect to 11,700,000 shares from Chartered Semiconductor Manufacturing Ltd and 8,565,000 shares from Singapore Technologies Semiconductors Pte Ltd PTE LTD Private Limited . About Chartered Chartered Semiconductor Manufacturing Ltd (Nasdaq:CHRT CHRT Canadian Human Rights Tribunal CHRT Chert (lithological term) CHRT Consolidated Human Resource Technology and SGX-ST:CHARTERED) is one of the world's leading independent foundries providing wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. 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 fabrication (fab´rikā´sh  n),n the construction or making of a restoration. 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Asia and Europe. The Company reported 1999 net revenues of US $694.3 million. For more information, visit the Company's website, www.charteredsemi.com. 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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