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SMIC: Plans to Acquire Minority Stake in SMIC North, Leading to Shares Suspension
2 week ago /
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Author：小编
SMIC has announced its intention to acquire a 49% stake in its controlled subsidiary, SMIC North, through the issuance of A shares. As a result, the company's shares will be suspended from trading, effective September 1, 2025, for an anticipated duration of no more than 10 trading days. SMIC clarifies that this acquisition does not entail a significant asset restructuring, reorganization, or listing, but rather, it is classified as a related party transaction.
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