# 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.

- Type: Acquisition
- Announced: 2017-05-10
- Where: China
- Status: completed
- Products: semiconductor packaging and testing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Semiconductor Manufacturing International Corporation](https://endata.com/companies/19550.md)
- [JCET](https://endata.com/companies/16865.md) (acquirer)
- [Suzhou Changdian Xinke](https://endata.com/companies/24191.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/56480.html), 2017-05-11: "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。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.