Macronix International Co. Ltd. makes announcement.HSINCHU, Taiwan, ROC--(BUSINESS WIRE)--May 9, 1996--Macronix International Co., Ltd, announced the public offering of 10 million American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. at $ 17.67 per ADS. The ADS's are represented by 100 million of its common shares. The ADS's will trade on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol MXICY and will represent the first Taiwanese company to list in the United States. The common shares are traded on the Taiwan Stock Exchange Taiwan Stock Exchange (TSEC) Established in 1961, the only centralized securities market in Taiwan. . CS First Boston, Goldman, Sachs & Co. and Hambrecht & Quist are managing the United States syndicate which is offering 6 million ADS's to the public. CS First Boston, ABN AMRO HG Asia, Bankers Trust International PLC and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Limited are lead managers of the international syndicate which is offering 4 million ADS's internationally. The Underwriters and the Managers have also been granted an over-allotment option by certain shareholders of the Company to purchase up to an additional 1,095,000 ADS's represented by 10.95 million shares. The Company will apply the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering to fund a portion of the purchase price of equipment for its second semiconductor manufacturing facility (Fab II) in Hsinchu. If the over-allotment option is exercised the Company will not receive any of the proceeds from the sale by the selling shareholders. The Company is an independent semiconductor designer, developer, manufacturer and marketer of nonvolatile memory integrated circuits, including mask read-only memory (storage) Mask Read-Only Memory - (MROM) A kind of ROM in which the memory contents are determined by one of the masks used to manufacture the integrated circuit. MROM can give high storage density (bits per millimeter squared) making it a cheap solution for high volume applications. , erasable e·ras·a·ble adj. 1. Capable of being erased: erasable ink. 2. Capable of producing something that can be erased: an erasable pen. programmable ROM and flash memory products, and of logic products, including audio, network, clock generator and graphic applications devices. The Company's products are used in a range of communications, computer and computer peripheral and consumer electronics applications. The Company commenced construction of Fab ll manufacturing facility, which is expected to commence commercial production in the second quarter of 1997. Fab ll will provide further production capacity of 20,000 eight inch wafers per month, and could be further expanded, if demand warrants it, to a capacity of 30,000 wafers per month. CONTACT: Miin Wu - President and Director 011 886 3578 8888 |
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