Singapore's Chartered Semiconductor adjusts conversion price of preference shares

By Devika Patel

Knoxville, Tenn., March 10 - Chartered Semiconductor Manufacturing Ltd. announced that the conversion price of its convertible redeemable preference shares is being adjusted to $0.4120 per share, effective March 18.

The adjustment is due to the company's planned rights offering, which was announced March 9.

The Singapore-based company provides wafer fabrication services and technologies to semiconductor suppliers and systems companies primarily in North America, Europe and Asia.

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