CHINA MOBILE HAS NO PLAN TO SELL A SHARE BUT SHOWS INTENTION
AsiaInfo Services, January, 2007
AsiaInfo Services 01-04-2007 China Mobile Has no Plan to Sell A Share but Shows Intention BEIJING, Jan 04, 2007 (SinoCast via COMTEX) -- China Mobile spokesperson pointed out that the group has not worked out a plan to offer A shares on the Chinese stock market but reiterated the intention of doing so. The spokesperson also unveiled the group had submitted an applications to issue China Depositary Receipts in 2006, but no further progress has been made. Earlier, it was spread that China Mobile, the top mobile telecom carrier in the country, was planning to go public on domestic stock market and it had selected underwriters. Moreover, the group was also said to raise at least CNY 10 billion capital for development of 3G mobile communications business. China...
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