China's Big Fund becomes SMIC's third-largest shareholder after record Star Market deal
SMIC has completed the acquisition of a manufacturing subsidiary through a 40.6 billion yuan share issuance — the largest M&A transaction ever recorded on Shanghai's Star Market. The deal elevated China's state-backed semiconductor fund to SMIC's third-largest shareholder.
2 MIN READ · 26 JUN
Photo: Wikimedia CommonsPhoto: Windell Oskay, CC BY 2.0 / Wikimedia Commons
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