SMIC International (00981.HK) plans to acquire a minority stake in SMIC North. A shares will be suspended from September 1st.

The Zhixin Financial APP News, SMIC International (00981.HK) announced that the company is planning to purchase a minority stake in its subsidiary, SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. (SMIC North), by issuing ordinary shares denominated in Renminbi (A shares).