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Semiconductor Manufacturing announces share placing

Published 12/04/2017, 08:13 AM
© Reuters.  Semiconductor Manufacturing announces share placing
SMI
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  • Semiconductor Manufacturing International (NYSE:SMI) announces entering an agreement with investors for the placing of over 241M shares at about $1.36 per share.
  • If all shares are placed, the shares will represent about 5.17% of existing issued share capital of the company.
  • Gross proceeds will total HK$2.57B ($329M) with HK$2.55B ($326.3M) in net proceeds.
  • SMI shares are down 1.4% premarket.
  • Now read: Tower Semiconductor (TSEM) Investor Presentation - Slideshow


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