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在线翻译:
szdaily -> Markets
Unicom in fresh US$11.3b share sale plan
    2017-August-24  08:53    Shenzhen Daily

THE Hong Kong-listed arm of China’s second-largest telecom carrier China Unicom plans to raise up to US$11.3 billion by selling shares to its parent firm, the company has announced.

The announcement, in a statement to the Hong Kong stock exchange late Tuesday, comes just two days after China Unicom’s Shanghai-listed vehicle confirmed it would sell US$11.7 billion worth of shares to a consortium of high-profile investors including Tencent, Baidu and Alibaba.

The latest move is part of a reorganization linked to the government’s push to overhaul inefficient State-owned enterprises (SOEs) by attracting private capital, the statement said.

Unicom group was among six SOEs chosen by the government last year to pioneer the “mixed-ownership” strategy.

Nearly 6.7 million shares in China Unicom Hong Kong will be sold to parent company Unicom BVI at a price of HK$13.24 (US$1.70).

Before the announcement, the shares closed in Hong Kong on Tuesday at HK$12.04. The market was shut yesterday due to a typhoon.

The statement said the funds raised would be spent mainly on upgrading Unicom’s 4G network capabilities and launching its 5G network. (SD-Agencies)

 

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