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Electronic information

SMIC will be the holding company of Datang Telecom shares issued $ 171,800,000

In Electronic Infomation Category: R | on November   1, 2010

Semiconductor Manufacturing International Co., Ltd (Semiconductor Manufacturing International Corp., SMI, referred to as: SMIC) said late Monday it has agreed to Datang Telecom Holding (Datang Telecom Technology & Industry Holdings Co.) Issued $ 171,800,000 of the shares.

The companies listed in Hong Kong, said Hong Kong plans to price 0.36 per share, Datang Telecom Holdings to issue 3.7 billion new shares, issue price when the stock 0.155 on Thursday suspended more than double the price of the Hong Kong dollar .

SMIC said the IPO, the holding company of Datang Telecom will hold a 16.6% stake in the company.

SMIC said its shares will resume trading on Tuesday, 0130 GMT. The stock was suspended on Thursday, waiting for the release of price sensitive information.

SMIC shares before the suspension was reported 0.155 Hong Kong dollars, the closing price last week fell by 7.2% three.

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