SIGAM Participates in Strategic Allotment of SMIC's STAR Market IPO
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Semiconductor Manufacturing International Corporation (SMIC) released the Announcement on Initial Public Offering and Listing on the STAR Market on July 6, revealing the offering price and the progress of strategic allotment. Aside from institutions such as national investment funds and subsidiaries of sponsor institutions, SIG Asset Management Co., Ltd. (SIGAM) acquired the qualification for strategic placement, was allotted 3,623,452 shares priced at some 99.5 million yuan, and indirectly invested some 100 million yuan in the strategic allotment via a special fund set up by China Insurance Investment Co., Ltd.
SMIC is a world leading semiconductor foundry, as well as mainland China's most advanced and largest professional foundry providing the most comprehensive services and conducting transnational operations.
The involvement in SMIC's strategic allotment is an important move of SIGAM to invest in a strategic emerging industry, as well as an effective practice of capital supporting advanced manufacturing and achieving the goal of financial appreciation.
