China's SMIC climbs on regulator's nod for buying unit's stake

Semiconductor Manufacturing International

22/05/2026 07:36

** Hong Kong shares of Semiconductor Manufacturing International Corp 0981.HK climb 6.1% to HK$78.7

** Stock set for the biggest one-day pct gain since May 20; third biggest pct gainer on Hang Seng TECH Index .HSTECH, which rises 2.3%

** Shanghai-listed stock 688981.SS gain 3.9% to 132.18 yuan

** SMIC says its plan to acquire stake in unit SMNC approved by securities regulator

** China's top foundry SMIC planned to buy the remaining 49% stake in SMNC from the unit's five shareholders for 40.6 bln yuan ($5.79 bln) in a deal to be settled by issuing 547.2 mln A shares

** YTD, Hong Kong stock up 9.7%, Shanghai-listed shares up 7.2%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))