China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned, per a Shanghai Stock Exchange filing (Reuters)

Reuters : China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned, per a Shanghai Stock Exchange filing —  China's top foundry SMIC (0981.HK) said on Monday that it plans to acquire the remaining 49% stake in unit SMNC for 40.6 billion yuan ($5.79 billion), making the unit wholly owned.