Workers dressed in dust-proof clothing at the 12-inch wafer plant of Semiconductor Manufacturing International Corporation (SMIC) in Beijing on 27 August 2012. Photo: Handout

The US-China technology war aside, SMIC has a practical reason for delisting from New York: its ADRs are hardly traded

  • The number of ADRs traded everyday on average were 10 per cent of the transactions in Hong Kong, even in the first eight months of SMIC’s simultaneous listings in New York and Hong Kong in 2004
  • In the last five years, the gap had widened to three ADRs in New York for every 1,000 SMIC shares in Hong Kong
Topic |   Stocks

TOP PICKS

Workers dressed in dust-proof clothing at the 12-inch wafer plant of Semiconductor Manufacturing International Corporation (SMIC) in Beijing on 27 August 2012. Photo: Handout
READ FULL ARTICLE