China Mobile to raise up to $8.8 bln in Shanghai listing

Dec 21 (Reuters) – China Mobile aims to raise up to 56 billion yuan ($8.8 billion) in what could be the country’s biggest public offering in a decade, a year after being kicked off the New York Stock Exchange. The world’s largest mobile network operator by total subscribers is selling shares publicly in Shanghai, as a growing number of U.S.-traded Chinese companies seek listings in China or Hong Kong amid rising Sino-U.tensions.

Link: China Mobile to raise up to $8.8 bln in Shanghai listing
via http://www.reuters.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: