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Real-time News
On December 29th, SMIC announced its plan to acquire a 49.00% stake in SMIC Northern, a subsidiary of SMIC, from five shareholders, including the National Integrated Circuit Industry Investment Fund, for RMB 40,600,910,000. SMIC Northern primarily provides 12-inch integrated circuit wafer foundry services and related support across different process platforms. This transaction will further improve the listed companys asset quality, enhance business synergy, and promote its long-term development. The listed companys main business scope will remain unchanged before and after the transaction.Israeli Prime Minister Benjamin Netanyahu and Tesla CEO Elon Musk discussed a potential collaboration with Tesla (TSLA.O).On December 29th, SMIC announced that the registered capital of SMIC South will increase from US$6.5 billion to US$10.077 billion. SMIC Holdings, the National Integrated Circuit Industry Investment Fund, the National Integrated Circuit Industry Investment Fund Phase II, the National Integrated Circuit Industry Investment Fund Phase III, the Shanghai Integrated Circuit Industry Investment Fund, the Shanghai Integrated Circuit Industry Investment Fund Phase II, Taixin Dingji, and the Lead Integrated Circuit Industry Investment Fund will hold 41.561%, 9.392%, 14.885%, 8.361%, 7.939%, 11.253%, 5.545%, and 1.063% of the equity in SMIC South, respectively.On December 29th, Leapmotor (09863.HK) announced in Hong Kong that Ningbo Jinghang, the companys employee incentive plan platform, holds 12,806,500 H shares of the company, with Mr. Zhu Jiangming as its general partner. According to the incentive plan, 4,138,950 H shares have been released from lock-up, and these shares will be sold on the secondary market at the request of the incentive recipients. Following the sale, Mr. Zhu Jiangming, Mr. Fu Liquan, and their respective largest single shareholder group will collectively hold 204,961,588 H shares and 128,517,839 domestic shares of the company, representing a total of 23.45% of the companys total issued shares. Since the sale is a personal action of the incentive recipients, it does not affect the 10-year voluntary lock-up commitment made by the founding group (i.e., Mr. Zhu Jiangming (the companys founder, chairman, and CEO) and his spouse Ms. Liu Yunzhen, and Mr. Fu Liquan and his spouse Ms. Chen Ailing) on October 31, 2023.Investment firm DigitalBridge (DBRG.N) shares surged nearly 10% after SoftBank announced its $4 billion acquisition of the company.
