CHINA UNICOM A-SHARE UP 7.43% ON MARCH 13
AsiaInfo Services, March, 2008
AsiaInfo Services 03-17-2008 China Unicom A-share Up 7.43% on March 13 BEIJING, Mar 17, 2008 (SinoCast via COMTEX) -- China Unicom (NYSE: CHU, SEHK: 762 and SHSE: 600050) was up 7.43%, closing at CNY 9.69 per share on March 13, spurred by the rumors that the nation was to release telecom industrial restructuring framework next day. The listed company, the second largest mobile telecom operator in China, has been regarded as a beneficiary of the restructuring.
Its revenue will increase after it merges with China Netcom (SEHK: 0906), a top fixed-line telecom carrier in the nation. Global well-known investment bank Lehman Brothers pointed out that China Unicom was likely to acquire China Netcom in cash and new bonds or in cash and new shares, or they will integrate on...
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