SMIC’s stock soars after Star listing approved

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By Addison Gong
30 Jun 2020

The Hong Kong-listed shares of Semiconductor Manufacturing International Corp (SMIC) opened higher on Tuesday after the company got the nod from the Chinese securities regulator to list on the Star board.

The China Securities Regulatory Commission (CSRC) said on Monday evening that SMIC has successfully registered its Rmb20bn ($2.8bn) IPO on the Nasdaq-style science and technology innovation board of the Shanghai Stock Exchange (SSE). 

The news gave a boost to SMIC’s Hong Kong-listed shares.

They opened at HK$27.65 ...

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