On the evening of September 8, Semiconductor Manufacturing International Corporation (688981) disclosed a share issuance plan for asset acquisition and related party transactions. The company's shares will resume trading from the market opening on September 9.

According to the plan, SMIC intends to issue shares to acquire a combined 49% stake in SMIC Beijing Integrated Circuit Manufacturing Co., Ltd. ("SMIC Beijing") from National Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Integrated Circuit Manufacturing and Equipment Equity Investment Center (Limited Partnership), Beijing Yizhuang International Investment and Development Co., Ltd., Zhongguancun Development Group Co., Ltd., and Beijing Industrial Development Investment Management Co., Ltd. The transaction is expected not to constitute a major asset restructuring but will constitute a related party transaction and will not constitute a backdoor listing. The company's shares have been suspended since the market opening on September 1.

SMIC Beijing, as a controlling subsidiary of SMIC, primarily provides 12-inch integrated circuit wafer foundry services and supporting services across different process platforms for customers.

SMIC stated that upon completion of this transaction, the listed company's shareholding ratio in the target company will increase from 51% to 100%. This transaction will help further improve the listed company's asset quality, enhance business synergy, and promote the long-term development of the listed company. The listed company's main business scope will not change before and after the transaction.

As of the latest data, SMIC's total market capitalization stands at 916.6 billion yuan.