Summary by Moomoo AI
CPC INTERNATIONAL INTEGRATED CIRCUIT MANUFACTURING CO., LTD. (HEREINAFTER REFERRED TO AS “SMIC INTERNATIONAL”) ANNOUNCED ON 26 MARCH 2024 THAT ITS INDIRECT WHOLLY OWNED SUBSIDIARY NUCLEAR POWER SEMICONDUCTOR (SHANGHAI) LIMITED (HEREINAFTER REFERRED TO AS “CORE SHANGHAI”) SIGNED A SHARE TRANSFER AGREEMENT WITH PANSHI HONG KONG LIMITED, PLANNED AT RMB 29.00 PER SHARE Price, the transfer of 228,833,996 shares of unrestricted floating shares held by Jiangsu Chang Electric Technology Co., Ltd., for a total transaction amount of approximately RMB 66.36 billion. After the completion of this transaction, Nuclear Power Shanghai will no longer hold shares in Long Electric Technology. The transaction does not constitute a related transaction nor does it constitute a major asset restructuring and therefore does not need to be submitted for consideration by the...Show More