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Chartered Semiconductor raises US$300 million
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Chartered Semiconductor Manufacturing Ltd. has raised approximately US$300 million in a successful new rights offering, boosting its capital position, which will allow for further capacity and technology migration at its 300mm fab in Singapore.
The Rights Offering was said to be oversubscribed with Subscriptions and Excess Applications totalling approximately 144% of the total number of 6,869,926,194 Rights Shares offered for subscription.