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Semiconductor Manufacturing International ( (HK:0981) ) has issued an update.
SMIC has announced a potential acquisition of a 49% equity interest in SMNC, which involves issuing RMB shares under a specific mandate. This acquisition is expected to be a discloseable transaction under Hong Kong Listing Rules, subject to reporting and shareholder approval requirements. The final terms, including the consideration, will be confirmed following an asset valuation. Trading in the company’s RMB shares, which was suspended, is set to resume, highlighting the company’s strategic move to expand its market presence and operational capabilities.
The most recent analyst rating on (HK:0981) stock is a Hold with a HK$51.00 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 company, primarily engaged in the manufacturing and service provision of integrated circuits. It operates within the semiconductor industry, focusing on providing advanced technology and manufacturing services to clients worldwide.
Average Trading Volume: 103,516,376
Current Market Cap: HK$601.5B
Find detailed analytics on 0981 stock on TipRanks’ Stock Analysis page.