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Apr 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Shanghai stock exchange

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
Shanghai bourse strengthens corporate bond disclosure
Markets

Shanghai bourse strengthens corporate bond disclosure

  • Accurate, adequate and timely disclosure helps investors better evaluate bonds, and facilitates efficient allocation of capital, the exchange said in a statement on its website.
  • China has stepped up efforts to improve transparency of its bond market, an increasingly important funding channel for companies at a time of rising defaults.
Published 29 Apr, 2021 04:48pm
JD Digits IPO terminated, Chinese stock exchange says
Markets

JD Digits IPO terminated, Chinese stock exchange says

  • The stock exchange said in a statement that it had terminated the listing review after JD Digits on Tuesday submitted a request to withdraw its public listing application.
  • JD.Com has said it plans to transfer JD Cloud and artificial intelligence business to its financial technology unit, JD Digits, for a combined valuation of 15.7 bln yuan ($2.40 bln).
Published 02 Apr, 2021 06:47pm
China's Shandong Yulong Gold to buy Australia's Barto for $188mn in debt
Business & Finance

China's Shandong Yulong Gold to buy Australia's Barto for $188mn in debt

  • Shandong Yulong Gold, which used to make steel pipes before changing its name and business focus, said in a statement to the Shanghai Stock Exchange its Lanjing Mining subsidiary would acquire 100% of Barto and control its gold mining operations in Western Australia.
  • Barto's operations, in the Southern Cross greenstone belt, are currently managed on behalf of Shandong Tianye by West Perth-based explorer Minjar Gold.
Published 05 Mar, 2021 08:49pm