# Shanghai Jita Semiconductor completes absorption merger of Advanced Semiconductor Manufacturing

Shanghai Jita Semiconductor completed the absorption merger and privatization of Shanghai Advanced Semiconductor Manufacturing Corporation (ASMC), paying Shanghai Belling RMB 118.0061 million and HKD 56.31 million for its stake. The transaction was finalized in February 2019.

- Type: Acquisition
- Announced: 2019-02-14
- Where: Shanghai, China
- Status: completed
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Shanghai Jita Semiconductor Co., Ltd.](https://endata.com/companies/31784.md) (acquirer)
- [Shanghai Belling](https://endata.com/companies/35245.md) (investor)
- [Shanghai Advanced Semiconductor Manufacturing Corporation](https://endata.com/companies/37392.md) (target)

## Sources

- [siscmag.com](https://siscmag.com/news/show-1768.html), 2019-02-18: "公司已全部收到积塔半导体关于上海先进半导体制造股份有限公司以吸收合并方式私有化的对价款项"

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