Dongbu Electronics Shareholders Invited by Anam Semiconductor to Participate in New Share Issue.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Feb. 24, 2004 Shareholders of Privately Held Dongbu Electronics Invited to Make In-Kind Contributions to Secure New Shares Issued in Publicly Held Anam Semiconductor Dongbu Electronics announced today as part of their ongoing merger activities with Anam Semiconductor that publicly held Anam will issue new shares so that shareholders of privately held Dongbu Electronics can be invited to make contributions in-kind with their existing shares. Upon completion of this transaction, Anam Semiconductor will own more than 98% of the existing Dongbu Electronics shares, strengthening the combined company and paving the way towards becoming the 3rd largest foundry supplier in the world. Highlighting the growing synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. within the jointly managed foundries, this transaction is expected to confirm Anam's utilization of Dongbu's 130-nm and 90-nm technologies and production lines without making additional capital investments. In addition, Anam is expected to diversify by expanding its existing customer base using Dongbu's global marketing infrastructure. The newly issued Anam shares will be priced at 5,000 Won (approx. US$ 4.24) per share, and the value of one Dongbu Electronics share is set at 4,821 Won (approx. US$ 4.08). Each Dongbu Electronics share is evaluated at 0.9641 shares of Anam Semiconductor. The valuation of Dongbu Electronics shares was determined by a certified See certification. appraiser A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property. Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market in accordance with Korean regulations. The total number of Dongbu Electronics shares to be contributed in-kind is 98,818,230 shares including shares held by Toshiba Corporation (company) Toshiba Corporation - A Japanese technology manufacturer with 364 subsidiaries worldwide. Toshiba makes and sells electronics for home, office, industry and health care including information and communication systems, electronic components, heavy electrical apparatus, , financial institutions and Dongbu-affiliated companies. The total paid-in capital Paid-in capital Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated. This account includes capital stock and contributions of stockholders credited to accounts other than capital stock. and total number of share of Anam Semiconductor will increase to 1,108,687,875,000 Won (approx. US $939,565,996), and 221,737,575 shares, respectively. About DongbuAnam Semiconductor DongbuAnam Semiconductor, the world's fourth largest pure-play wafer (1) A small, thin continuous-loop magnetic tape cartridge that has been used from time to time for data storage and specialized applications. (2) The base unit of chip making. It is a slice taken from a salami-like silicon crystal ingot up to 12" (300mm) in diameter. foundry, specializes in world-class CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. wafer processing that enables system-on-a-chip implementations that integrate the most advanced logic, analog, and mixed-signal technologies. Through close working relationships with strategic partners, DongbuAnam offers a broad range of services that augment its world-class wafer manufacturing capabilities. These include initial design, intellectual property access and prototyping as well as backend assembly, packaging and testing. DongbuAnam is a key global supplier within Korea's well-established semiconductor manufacturing infrastructure. For more information, visit www.dsemi.com. |
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