Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
SMIC Acquires 49% Stake in SMNC for Final Price of RMB40.6B
Recommend 11 Positive 19 Negative 12 |
||||
|
||||
|
SMIC (00981.HK)(688981.SH) announced that it had entered into a Supplemental Agreement with five vendors, including China IC Fund and Semi Investment Center, pursuant to which, the final consideration for the acquisition of a 49% stake in SMNC is RMB40.6 billion, which is to be paid by issuing a total of 547 million A-shares. Upon completion, the Company will hold 100% equity in SMNC, which will help further improve the Company's asset quality and strengthen business synergies. China IC Fund's shareholding in the Company will increase from the current 4.79% to 8.66%. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
