财新英文

China Mobile Prepares Shanghai Offering as U.S. Delisting Looms

2021年05月18日 09:21

T中

Wireless telecom operator would offer 4.5% of its issued shares and raise an undisclosed amount to fund infrastructure investments

China’s largest wireless telecom operator China Mobile Ltd. is planning a share sale in Shanghai, the company said Monday after it lost an appeal of a New York Stock Exchange decision to delist its shares.

China Mobile said it will sell as many as 964.8 million shares, or 4.5% of its total issued shares, on the Shanghai Stock Exchange at an undisclosed price. The offering may be expanded by 15% through an over-allotment “greenshoe” option, the company said in a filing with the Hong Kong stock exchange, where it is also traded.

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