# SMIC revises joint venture contract, reduces stake in Shengjisheng to 30%

SMIC's subsidiary SMIC Holding, along with Triplecores, Xin Space and Xinxin Financial Leasing, revised the joint venture contract for Shengjisheng. SMIC's equity interest will drop from 60% to 30% as additional capital contributions are made by other parties, increasing registered capital from $10M to $20M.

- Type: Acquisition
- Announced: 2018-08-10
- Where: China
- Value: $10.0M
- Status: announced
- Products: semiconductor equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Semiconductor Manufacturing International Corporation](https://endata.com/companies/19550.md)
- [Xinxin Financial Leasing](https://endata.com/companies/33736.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/144559.html), 2018-08-14: "中芯控股将不会对盛吉盛的注册资本作出额外的资本出资，而Triplecores、芯空间及芯鑫融资租赁将会对盛吉盛的注册资本作出额外的资本出资，款额分别为200万美元、300万美元及500万美元"

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