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SMIC Beijing Secures Financing for Expansion.

Publication: PR Newswire
Publication Date: 26-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BEIJING, May 25 /Xinhua-PRNewswire-FirstCall/ -- Semiconductor Manufacturing International Corporation ("SMIC") today announced that its wholly-owned subsidiary, Semiconductor Manufacturing International (Beijing) Corporation ("SMIC Beijing"), has entered into a US$600 million 5-year loan facility from a group of banks based in the People's Republic of China (the "Loan"). China Development Bank and China Construction Bank co-led the arrangement of...

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