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SMIC Acquires 49% Stake in SMIC North from National Integrated Circuit Industry Investment Fund
1 day ago /
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Author：小编
SMIC, China's premier domestic wafer foundry, made an official announcement in the evening of September 8, revealing that its A-share stocks would recommence trading on September 9. Earlier, on August 29, SMIC had notified that it was planning to issue Renminbi ordinary shares (A-shares) to acquire a minority stake in its controlled subsidiary, SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. (hereinafter referred to as SMIC North). Consequently, the company's stock trading was to be halted from the market opening on September 1, with an anticipated suspension period not exceeding 10 trading days. On September 8, the company's board of directors duly reviewed and sanctioned the pertinent transaction proposal.
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