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SMIC’s Shares Dive After Co-CEO Is Said to Have Quit China’s Top Chipmaker Lai Shasha SMIC’s Shares Dive After Co-CEO Is Said to Have Quit China’s Top Chipmaker
(Yicai Global) Dec. 16 Shares of Semiconductor Manufacturing International Corporation plunged following media reports that the co-chief executive at China’s top chipmaker has made an abrupt departure.
SMIC’s shares [SHA: 688981] fell as much as 9.8 percent in Shanghai before closing 5.5 percent lower today at CNY55.20 (USD8.46) each, while its Hong-Kong listed stock [HKG: 0981] lost 4.9 percent to finish at HKD20.20 (USD2.61), after earlier sliding as much as 9.6 percent.