Shanghai Belling

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.

Advanced Semiconductor Manufacturing Corporation (ASMC) signed a new framework foundry agreement with Shanghai Belling to produce 5, 6, and 8-inch semiconductor wafers. The agreement runs from November 8, 2018 to November 7, 2019, with an annual cap of 34 million yuan.

Shanghai GTA Semiconductor Co., Ltd. and Advanced Semiconductor Manufacturing Corporation (ASMC) announced a merger agreement on October 30, 2018, under which GTA will absorb ASMC, with ASMC shares to be cancelled and its listing revoked.