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Article: China Telecom to go for overseas listing in October. (Company News).(initial public offering)(Brief Article)(Statistical Data Included)
- Article from:
- China Telecom
- Article date:
- August 1, 2002
CopyrightCOPYRIGHT 2002 Information Gatekeepers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Shanghai, Zhejiang, Jiangsu and Guangdong will be the main body for China Telecom to go for listing overseas for the first time, a personnel form China Telecom verified the news on August 5. China Telecom will go for list in New York and Hong Kong simultaneously with IPO worth US$2.5 to 3 billion to be launched as early in October.
A senior manager of China Telecom, who preferred to be unnamed said, "For China Telecom, the listing is more strategically oriented rather than financially driven as is usually expected."
Neither China Telecom nor its underwriters Morgan Stanley Dean Witter, Merrill Lynch and the China International Capital Corporation, have ...