Reuters:

China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned, per a Shanghai Stock Exchange filing  —  China's top foundry SMIC (0981.HK) said on Monday that it plans to acquire the remaining 49% stake in unit SMNC for 40.6 billion yuan ($5.79 billion), making the unit wholly owned.

Reuters:

China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned, per a Shanghai Stock Exchange filing  —  China's top foundry SMIC (0981.HK) said on Monday that it plans to acquire the remaining 49% stake in unit SMNC for 40.6 billion yuan ($5.79 billion), making the unit wholly owned.

Source: TechMeme
Source Link: http://www.techmeme.com/251229/p14#a251229p14