Goke Calls Off Acquisition of SMIC Ningbo's Stake, Remains Open to External M&A Prospects
2025-11-30 / Read about 0 minute
Author:小编   

On November 28, Goke released an announcement revealing its choice to cancel the planned acquisition of a 94.366% stake in Semiconductor Manufacturing International Corporation (Ningbo) Co., Ltd. The decision to terminate stemmed from the failure to arrive at an agreement on matters related to the transaction within the anticipated time period. Goke mentioned that, following in-depth discussions, amicable negotiations, and careful consideration with all involved parties, and with the aim of protecting the long-term interests of the publicly listed company and its investors, it ultimately opted to abandon the acquisition. At present, the company's production and business operations are proceeding as usual. The cancellation of this deal is not expected to have a substantial negative effect on the company's production, business operations, or financial standing. Moving forward, the company will persist in concentrating on its core business while remaining on the lookout for premium merger and acquisition prospects.