CHINA UNICOM IPO PRICE TARGETED AT RMB2.1-2.3 EACH
AsiaInfo Services, September, 2002
AsiaInfo Services 09-17-2002 China Unicom IPO Price Targeted at RMB2.1-2.3 Each CHINA, Sep 17, 2002 (AsiaPort via COMTEX) -- Market insiders think China United Telecommunications Corp.'s large IPO expected this month should fetch 2 .1 yuan to 2.3 yuan a share on the base of its 15-time PE ratio. China United Telecommunications, which is the parent of Hong Kong-listed China Unicom Ltd., plans to issue 5 billion yuan-denominated A shares in Shanghai, drawing extensive attention from the market.
However, as a super large-cap in domestic market, the listing of China Unicom will certainly affect the market to some extend. Many fund managers interviewed thought the A-shares of China Unicom priced at such level are worth investing. The future performance of the...
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