Thursday, July 8, 2010
Semiconductor Manufacturing International Corp. is planning to raise $103 million by selling additional shares.
SMIC stock is traded on the Hong Kong Stock Exchange is in the process of providing Taiwan Semiconductor Manufacturing Co. Ltd. with a 10% in the company. This is part of a settlement of a legal dispute between the two companies.
Meanwhile, SMIC planned to offer the shares at between HK$0.52 (about $0.0667) and HK$0.54 (about $0.0693) each.
By: DocMemory
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