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The first merger and acquisition restructuring on the Sci-Tech Innovation Board has been accepted under the simplified review process
The Shanghai Stock Exchange officially accepted the application documents from SMIC Microelectronics Equipment (Shanghai) Co., Ltd. for issuing shares and paying cash to acquire assets and raise supporting funds on April 24th, marking the start of the review process for this asset restructuring. If subsequent reviews proceed smoothly, this project is expected to become the first case on the STAR Market to apply the “Simplified Restructuring Review Procedure.”