SMIC Shareholders Approve SMNC Acquisition at Extraordinary Meeting

The latest update is out from Semiconductor Manufacturing International ( (HK:0981) ).

Semiconductor Manufacturing International Corporation said shareholders approved all resolutions at its extraordinary general meeting held on 12 February 2026. The key item was the green light for the acquisition of the remaining 49% equity interest in SMNC, to be paid for by issuing renminbi-denominated shares under a specific mandate.

Roughly 29.19% of the company’s share capital was represented at the meeting, reflecting active participation from both Hong Kong and RMB shareholders. China IC Fund and its associates, holding about 4.29% of the company, were required to abstain from voting on the acquisition resolutions, and the poll was independently scrutinised with all directors attending in person or electronically, underscoring corporate governance and shareholder engagement.

The most recent analyst rating on (HK:0981) stock is a Buy with a HK$87.40 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 major foundry player in the global semiconductor industry. The company focuses on manufacturing integrated circuits and related semiconductor products, serving a broad base of electronics and technology customers through listings in both Hong Kong dollar and renminbi share classes.

Average Trading Volume: 66,696,594

Technical Sentiment Signal: Buy

Current Market Cap: HK$692.1B

Learn more about 0981 stock on TipRanks’ Stock Analysis page.