HK Stock Market Move | Semiconductor Manufacturing International Corporation (00981) opened more than 3%, and the issuance of shares to purchase 49% of the equity of Northern Semiconductor has been approved by the China Securities Regulatory Commission.
SMIC International (00981) opened more than 3% higher, as of the time of writing, the stock is up 3.57% at HK$76.85, with a turnover of HK$97.1384 million.
Semiconductor Manufacturing International Corporation (00981) opened more than 3% higher, as of the time of writing, up 3.57% to HK$76.85, with a turnover of HK$97.1384 million.
On the news front, on May 21st, Semiconductor Manufacturing International Corporation received approval from the China Securities Regulatory Commission to issue 357 million shares to National Integrated Circuit Industry Investment Fund Co., Ltd., 101 million shares to Beijing Integrated Circuit Manufacturing and Equipment Equity Investment Center (Limited Partnership), 64.2101 million shares to Beijing Yizhuang International Investment Development Co., Ltd., 12.5629 million shares to Beijing Centergate Technologies Development Group Co., Ltd., and 12.5629 million shares to Beijing Industrial Development Investment Management Co., Ltd. for the purchase of related assets.
Previously, Semiconductor Manufacturing International Corporation announced plans to issue shares to National Integrated Circuit Industry Investment Fund Co., Ltd. and four other parties to purchase their combined 49% stake in SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd.
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