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SMIC: Shanghai Stock Exchange Accepts Application Documents for Share Issuance to Purchase Assets and Related-Party Transactions
13 hour ago /
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Author：小编
On February 25, SMIC made an announcement stating its intention to issue shares to the National Integrated Circuit Industry Investment Fund, along with other entities, in a bid to acquire a 49% equity interest in SMIC North. On that very day, the company was notified by the Shanghai Stock Exchange of the acceptance of its application. The Exchange will proceed with a legal review of the application. It's important to note that this transaction is still contingent upon the approval from the Shanghai Stock Exchange and the registration consent from the China Securities Regulatory Commission.
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