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SMIC Announces A-Share Issuance Plan for Asset Acquisition, Trading Suspension from Next Monday
2 week ago /
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Author：小编
SMIC intends to issue A-shares with the aim of acquiring a minority stake in its subsidiary, SMIC North. As a result, trading of the company's shares will be temporarily suspended from September 1, 2025, for a period anticipated to be no longer than 10 trading days. It is important to note that this transaction does not constitute a major asset reorganization or a listing event, but it does involve related-party transactions. The company has already signed a letter of intent, and the detailed plan is still in the process of being finalized, hence there remains a degree of uncertainty.
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