SMIC clinches equity combo in strong market

China’s largest chip maker raised $972.5 million in long-term working capital by placing a combination of common and convertible preference shares.

Hong Kong-listed Semiconductor Manufacturing International Corporation (SMIC) raised $972.5 million on Tuesday, taking advantage of buoyant regional stock markets to pull off a tightly priced transaction and one of the largest overnight equity deals in Asia this year.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media