SMIC's Share Issuance for Asset Acquisition Scheduled for May 11 Review

Stock News04-30 19:54

Semiconductor Manufacturing International Corporation (688981.SH) has announced plans to issue shares to several entities, including the National Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Integrated Circuit Manufacturing and Equipment Equity Investment Center (Limited Partnership), Beijing E-Town International Investment and Development Co., Ltd., Zhongguancun Development Group Co., Ltd., and Beijing Industrial Development Investment Management Co., Ltd. The purpose is to acquire a combined 49% equity stake in SMIC Northern Integrated Circuit Manufacturing (Beijing) Co., Ltd. held by these parties. According to a notice published on the Shanghai Stock Exchange website regarding the 5th review meeting of the Mergers and Acquisitions Review Committee in 2026, the committee will convene on May 11, 2026, to deliberate on the company's proposal to issue shares for asset acquisition, which constitutes a connected transaction.

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