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China Mobile set to list in Shanghai

December 15, 2021
Source: thestandard.com.hk thestandard.com.hk
News Snapshot:
Staff reporter and Bloomberg China Mobile (0941), the country's largest wireless carrier by revenue, plans to issue about 845.7 million A-shares, representing 3.97 percent of the extended total ordinary shares after receiving approval from regulators to list in Shanghai. It did not specify the amount it hopes to raise, but based on the closing price of its stock in Hong Kong yesterday the figure would be the equivalent to HK$39 billion, though China stocks usually trade at a hefty premium to their counterparts across the border. Its shares dropped 0.54 percent to HK$46.1. It also estimated that it would post...
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