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An update from Semiconductor Manufacturing International ( (HK:0981) ) is now available.
Semiconductor Manufacturing International Corporation announced plans to acquire a 49% equity interest in its subsidiary, Semiconductor Manufacturing North China (Beijing) Corporation, by issuing RMB ordinary shares. This transaction, still in its planning stages, involves several major investment firms and is expected to be a related transaction rather than a significant asset restructuring. The trading of the company’s RMB shares on the Shanghai Stock Exchange will be temporarily halted for up to 10 trading days as the company finalizes the transaction details, which remain uncertain and subject to regulatory approval.
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 is a leading company in the semiconductor industry, focusing on the manufacturing of integrated circuits. The company operates in a competitive market, providing essential components for a wide range of electronic devices.
Average Trading Volume: 93,533,392
Current Market Cap: HK$632.6B
Learn more about 0981 stock on TipRanks’ Stock Analysis page.