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China Telecom

China Mobile eyes $6bn Shanghai listing after flagging NYSE exit
Markets

China Mobile eyes $6bn Shanghai listing after flagging NYSE exit

  • The mainland's largest wireless carrier said on Monday it plans to sell no more than 964.8 million shares, or 4.5% of its total issued shares, publicly on the Shanghai Stock Exchange at an undisclosed price.
  • China Mobile, China Telecom and China Unicom said earlier this month they expect the NYSE to notify regulators of their delistings after an unsuccessful appeal by the companies to revert the move.
Published 17 May, 2021 08:15pm