SMIC plans to purchase 49% equity of SMIC North, and the shareholding ratio will reach 100%

SMIC plans to issue shares to the National Integrated Circuit Industry Investment Fund and others to purchase 49% of SMIC North's equity. The pricing plan is 74.20 yuan per share. The stock will be suspended from September 1, 2025. It is expected that the suspension will not exceed 10 trading days. Trading will resume on September 9. After the deal is completed, SMIC's shareholding will rise from 51% to 100%. The transaction still needs to be approved by the shareholders' meeting, reviewed by the Shanghai Stock Exchange, registered by the China Securities Regulatory Commission and other procedures. After the transaction is completed, the listed company still has no actual controller.
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