SMIC to Acquire 49% Stake in SMNC Through RMB Share Issuance

Reuters
2025.12.29 14:56
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Semiconductor Manufacturing International Corporation (SMIC) has signed a supplemental agreement to acquire a 49% stake in SMNC by issuing RMB-denominated shares. The agreement, finalized on December 29, 2025, involves several vendors including China IC Fund and E-Town Capital. This acquisition confirms the final consideration and the number of shares to be issued. The original content was published via the Hong Kong Stock Exchange.