|
|
Article: China Mobile (HK) mulls buying back 10% of its Hong Kong-listed shares.
- Article from:
- China Business News
- Article date:
- October 15, 2002
CopyrightCOPYRIGHT 2002 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. 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)
|
China Mobile (HK) mulls buying back 10% of its Hong Kong-listed shares
Shanghai. October 15. INTERFAX-CHINA - Wang Xiaochu, CEO of China Mobile (Hong Kong), the listing arm of China's largest wireless carrier China Mobile, confirmed that the company is considering buying back 10% of its Hong Kong-listed shares in a bid to boost its sinking share price. Wang denied that China Mobile (HK) will issue A-shares on a domestic stock market, but will pay close attention to the process of relevant rules for overseas listed firms to issue China Depository Receipts (CDRs) in mainland China.
Wang Xiaochu first disclosed company's share buy-back intention when China ...