SHANGHAI: China Mobile is aiming to raise US$7.64bil (RM32.17bil) in a Shanghai share listing, documents filed yesterday showed, after the telecoms giant was delisted in New York as tensions between Beijing and Washington worsened.
The initial public offering (IPO) would be one of the largest on China’s domestic stock markets for a decade, according to a calculation by Bloomberg News, based on the company’s prospectus.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!