SMIC (00981.HK): Application for Issuance of Shares to Purchase Assets Accepted by SSE, Proposed Acquisition of 49% Equity Stake in SMIC North
NewTimeSpace : Semiconductor Manufacturing International Corporation (00981.HK/688981.SH) issued an Overseas Regulatory Announcement on February 25, 2026, stating that the company proposes to issue shares to National Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Integrated Circuit Manufacturing and Equipment Equity Investment Center (L.P.), E-Town Capital, Zhongguancun Development Group Co., Ltd. and Beijing Industrial Development Investment Management Co., Ltd., to purchase the total 49% equity stake in SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. held by the above institutions.
On February 25, 2026, the company received the Notice on Accepting the Application of Semiconductor Manufacturing International Corporation for Issuance of Shares to Purchase Assets (SSE Science and Technology Review (M&A and Restructuring) [2026] No.7) issued by the Shanghai Stock Exchange. The SSE verified the application documents for the issuance of shares to purchase assets submitted by the company in accordance with relevant regulations, confirmed that the application documents are complete and in compliance with statutory form, and decided to accept the application and conduct review in accordance with the law.
The company reminded that this transaction is still subject to the review and approval of the SSE and the registration approval of the China Securities Regulatory Commission (CSRC). There are uncertainties as to whether the transaction can pass the above-mentioned approvals and the timing of the final approval or registration consent. The company will duly perform its information disclosure obligations in accordance with the requirements of relevant laws and regulations based on the progress of this transaction.
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