Hunan Goke Microelectronics Co., Ltd. Class ASZSE: 300672

Hunan Goke at 2-year high on buying stake in semiconductor co from SMIC

· Issued by Hunan Goke Microelectronics Co., Ltd. Class A

** Hunan Goke Microelectronics SZSE:300672 soars 20% to 97.27 yuan, highest since June 2023

** Stock on course for fifth consecutive session of gains

** Semiconductor Manufacturing International Corp (SMIC) HKEX:981 says its unit has agreed to sell 14.8% stake in a semiconductor firm to Hunan Goke at a price yet to be determined

** SMIC rises 1.1% to HK$42.7, highest since May 26

** China's chipmaking index (.STARCHIP) and the Shanghai Composite Index SSE:000001 both up 0.1%

** YTD, Hunan Goke's stock rises 35.3%, SMIC shares gain 33.2%