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China Mobile plans to raise up to $8.8 billion by listing shares in Shanghai

December 22, 2021
Source: spectrumreport.com spectrumreport.com
News Snapshot:
Hong Kong (CNN Business)China Mobile is ending the year with a bang. The Chinese telecom giant announced Tuesday that it wants to raise as much as 56 billion yuan ($8.8 billion) on the Shanghai stock exchange after it was forced to quit Wall Street in January.In a filing to the Hong Kong stock exchange, where its stock also trades, the company said it planned to issue between 845.7 million and 972.6 million new shares for nearly 57.6 yuan (about $9) apiece. That would make it one of the world’s biggest equity offerings this year, according to Refinitiv. [China Mobile gets...
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