SMIC subsidiary sells stake in Changdian Xinke and subscribes to JCET shares

SMIC's subsidiary sold 19.61% equity in Suzhou Changdian Xinke to JCET and subscribed to 150 million shares of JCET. The China Securities Regulatory Commission approved the transactions on May 10, 2017, making the agreements effective.

“中证监已就出售及认购正式核准。出售协议及认购协议将于5月10日生效。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com中芯国际(00981)出售长电新科股权及入股长电科技事项生效May 11, 2017

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