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China Mobile targets US$7.64bn in Shanghai debut

December 22, 2021
Source: taipeitimes.com taipeitimes.com
News Snapshot:
China Mobile Ltd (????), the country’s largest wireless carrier by revenue, is aiming to raise 48.7 billion yuan (US$7.64 billion) from its Shanghai listing in what would rank among the largest share offers for the nation’s domestic stock market in a decade. The state-run company, which was removed from the New York Stock Exchange (NYSE) earlier this year due to an investment ban ordered by former US president Donald Trump, said that today it would issue 845.7 million shares at 57.58 yuan apiece, a company prospectus filed on Monday with the Shanghai bourse showed. The proceeds that China Mobile is...
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