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BRIEF-Semiconductor Manufacturing International Corp Says SMIC Holdings Enters Equity Transfer Agreement [Reuters]

SEMICONDUCTOR MFG (SMI)  More Company Research Source: Reuters
Last semiconductor mfg earnings: 5/10 06:34 am Check Earnings Report
US:NYSE Investor Relations: smics.com/eng/investors/ir.php
PDF BRIEF-Semiconductor Manufacturing International Corp Says SMIC Holdings Enters Equity Transfer Agreement | Reuters Reuters Staff 1 Min Read March 26 (Reuters) - Semiconductor Manufacturing International Corp: * SMIC HOLDINGS SELLS 28.17% STAKE IN JOINT VENTURE NINGBO SEMICONDUCTOR INTERNATIONAL CORP * STAKE TRANSFERRED TO CHINA INTEGRATED CIRCUIT INDUSTRY INVESTMENT FUND CO * UPON COMPLETION, SMIC HOLDINGS SHAREHOLDING IN JV WILL DECREASE TO 38.59% * THERE IS NO GAIN OR LOSS EXPECTED TO ACCRUE TO COMPANY AS A RESULT OF EQUITY TRANSFER * SMIC HOLDINGS TO MAKE FURTHER CASH CONTRIBUTION OF RMB565 MILLION TO REGISTERED CAPITAL OF JV CO Source text for Eikon: Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved. [Read more]

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