The controlling shareholder of SMIC plans to implement a strategic restructuring
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SMIC announced that its controlling shareholder, China Pingmei Shenma Group, plans to implement a strategic restructuring with Henan Energy Group. This restructuring will not lead to a change in the controlling shareholder or the actual controller, and the shareholding of the controlling shareholder will remain unchanged. The restructuring needs to go through relevant procedures and will not have a significant impact on the normal operation of the company
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