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.

Danny Leung

November 29, 2017

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.

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