SMIC plans to sell 14.832% of its equity in SMIC Ningbo to GOKE
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SMIC announced plans to sell its wholly-owned subsidiary SMIC Holdings' 14.832% stake in SMIC Ningbo to GOKE. The transaction will be conducted through the issuance of shares and cash payment, with GOKE purchasing a 94.366% stake in SMIC Ningbo. Upon completion of the transaction, SMIC Holdings will no longer hold any equity in SMIC Ningbo, which will help the company focus on its core business
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