SMIC Calls February 2026 EGM to Approve Share-Financed Asset Purchase

Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialSemiconductor Manufacturing International ( (HK:0981) ) just unveiled an update. Semiconductor Manufacturing International Corporation has called an extraordinary general meeting in Shanghai on 12 February 2026 to seek shareholder approval for a proposed asset purchase to be executed through the issuance of new shares and related cash consideration. The meeting will vote on a series of ordinary resolutions covering the overall transaction plan, share issuance terms, lock-up arrangements, profit and loss attribution for the target asset during the transition period, and the transfer of ownership, as well as confirming that the deal complies with multiple PRC and stock exchange regulations governing major asset restructurings and related-party transactions. Shareholders will also consider a supplemental agreement with counterparties and a report on the asset purchase, along with confirmations that the transaction does not constitute a major asset restructuring or reorganization under applicable rules, and a review of the company’s asset purchases and sales over the preceding 12 months, underscoring SMIC’s effort to structure the deal within strict regulatory frameworks and enhance transparency for investors. The most recent analyst rating on (HK:0981) stock is a Hold with a HK$79.00 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page. More about Semiconductor Manufacturing International Semiconductor Manufacturing International Corporation (SMIC) is a leading semiconductor foundry engaged in the manufacturing and sale of integrated circuit wafers and related services, serving global chip design companies and electronics manufacturers, with a strategic focus on the Chinese and international semiconductor markets. Average Trading Volume: 70,546,855 Technical Sentiment Signal: Buy Current Market Cap: HK$726.6B Find detailed analytics on 0981 stock on TipRanks’ Stock Analysis page.