China Telecom plans to raise funds in Shanghai bourse after New York delisting

Source: South China Morning PostChina Telecom, the country’s largest fixed-line network operator, plans to sell shares in Shanghai to access wider financing in its home market, months after it was delisted by the New York Stock Exchange (NYSE) under a Trump administration executive order.The Hong Kong-listed company, which is controlled by state-owned China Telecommunications Corp, proposes to issue up to 12.09 billion yuan-denominated shares – equivalent to 13 per cent of the enlarged capital base – on the Shanghai Stock…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy