China Telecom could raise more than US$8bil (RM33.80bil) in a Shanghai initial public offering that would be the biggest this year, months after it was delisted in the United States amid Washington's stand-off with Beijing.
The firm said it had priced its offer at 4.53 yuan (RM2.95) per share, which would be worth 47.1bil yuan (RM30.84bil), according to a filing with the Shanghai Stock Exchange on Friday.
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