HomeChina Stock News Hearsay: SMIC’s equity sale halted for directors’ disagreement
Hearsay: SMIC’s equity sale halted for directors’ disagreement
Written by Administrator
Thursday, 30 August 2007
BEIJING, Aug. 30 (InfoChina) – Market hearsay goes that Semiconductor Manufacturing International Corporation (SMIC, NYSE: SMI, HK: 0981)’s plan to sell part of its equity has been halted as board directors had differing opinions on potential buyers.
As SMIC is currently priced at low level, several private equity firms have expressed their interest in acquiring 20 percent of SMIC for estimated 500 million US dollars.
However, bidders haven’t heard a decision from SMIC by far.(Edited by Chen Dongyi,
)
China Stock News 
