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Guantao Law Firm

18/F, TOWER B, XINSHENG PLAZA, 5 FINANCE STREET, XICHENG DISTRICT, BEIJING 100032, CHINA
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Beijing, Chengdu, Dalian, Guangzhou, Hong Kong, Jinan and 5 more

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Guantao Advises Datang Telecom on its Successful Strategic Investment to SMIC

November 2010

On August 16, 2010, Datang Telecom Technology & Industry Holdings Co., Ltd. ("Datang Telecom") and Semiconductor Manufacturing International Limited ("SMIC") reached a subscription agreement by which Datang Telecom had successfully subscripted a total of 102 million shares of SMIC. Datang Telecom's shareholding thus is increased to 19.14%.  The deal was completed on November 16, 2010.

 

Datang Telecom is a subsidiary company of Datang Telecom Technology & Industry Group Holdings. As the initiator of the TD-SCDMA 3G mobile communication international standard, Datang Telecom is the owner of core patents and the driver of industry development. SMIC is a corporation engaged in manufacture, OEM and sales of integrated circuit chip. It has been listed in Hong Kong Stock Exchange (code: 981) and New York Stock Exchange (code: SMI) successively since 2004.

Guantao provided full legal services for this project as its domestic counsel. The principal of this project was partner Mr. Cui Liguo and Mr. Hong Yuhao.


For more information please visit www.guantao.com

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