January 30, 2018 / 3:00 PM / 10 months ago

BRIEF-Semiconductor Manufacturing International Says SMIC Holdings & Others Enter JV Agreement

Jan 30 (Reuters) - Semiconductor Manufacturing International Corp:

* SMIC HOLDINGS, SMIC SHANGHAI, CHINA IC FUND AND SHANGHAI IC FUND ENTERED INTO JOINT VENTURE

* SMIC, CHINA IC FUND, SHANGHAI IC FUND TO CONTRIBUTE TO SMSC $1.5435 BILLION,$946.5 MILLION,$800 MILLION, RESPECTIVELY

* COMPANY’S EQUITY INTEREST IN SMSC, THROUGH SMIC HOLDINGS AND SMIC SHANGHAI, WILL DECREASE FROM 100% TO 50.1%

* REGISTERED CAPITAL OF SMSC WILL INCREASE FROM US$210 MILLION TO US$3.5 BILLION ​

* SMSC WILL BE OWNED AS TO 27.04% AND 22.86% BY CHINA IC FUND AND SHANGHAI IC FUND, RESPECTIVELY. Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below