The company plans to issue about 845.7 million shares, it said in a prospectus on the Shanghai bourse’s website yesterday that didn’t say how much China Mobile hoped to raise.(File pic hows the Shanghai stock exchange building)
BEIJING: China Mobile Ltd, the country’s largest wireless carrier by revenue, has received approval from regulators to list in Shanghai after being removed from the New York Stock Exchange (NYSE) due to an investment ban ordered by former President Donald Trump.
The state-run enterprise got the nod from the China Securities Regulatory Commission to issue A-shares, according to a filing late Monday with Hong Kong’s stock exchange.
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