Smic, indirect wholly-owned subsidiary core electric Shanghai sell associated companies long telegram technology suzhou long telegram shinco investment co., LTD. 19.61% stake, cost 664 million yuan (the same below) will be for long telegram technology according to 15.36 yuan per share, is core electric Shanghai issued 4322.91 million shares in price to pay. Suzhou long telegram's new investment for the STATS ChipPAC, STATS ChipPAC is a global leading supplier of advanced semiconductor packaging and testing services.
In addition, the core electrical Shanghai conclude with long telegram technology subscription agreement, agreed to subscribe and core electric Shanghai long telegram technology agree with about 150 million shares subscribed shares issued, the price for the subscription price in cash 2.655 billion yuan.
Tight on sale and subscribe, after the completion of the core through the core electric Shanghai will hold A total of 193910210 shares, electricity come technology co., accounting for 14.26% stake in science and technology of long telegram and suzhou long telegram shinco should account for 14.26%, assuming that integrated circuit fund agreement has been completed. After completion of the company expects to sell and subscribe to become long telegram the single largest shareholder of science and technology. As a result of the selling price in the form of securities (i.e., cost) to pay, the core will not get any money from sale.