SMIC Announces Plans to Acquire 49% Equity Stake in SMNC, Trading Halted on Shanghai Stock Exchange

Reuters

Aug 29

SMIC Announces Plans to Acquire 49% Equity Stake in SMNC, Trading Halted on Shanghai Stock Exchange

Semiconductor Manufacturing International Corporation (SMIC) has announced its plan to acquire a 49% equity interest in Semiconductor Manufacturing North China (Beijing) Corporation (SMNC), a controlled subsidiary. The transaction will involve issuing RMB ordinary shares (A shares) and is currently in the planning stage. SMIC is in active discussions with potential transaction parties, including China Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Semiconductor Manufacturing and Equipment Equity Investment Center, Beijing E-Town International Investment & Development Co., Ltd., Zhongguancun Development Group Co., Ltd., and Beijing Industrial Development Investment Management Co., Ltd. A preliminary intention agreement has been signed with the major shareholders of the minority shareholders of SMNC, with details to be confirmed in a subsequent formal agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SMIC - Semiconductor Manufacturing International Corporation published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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