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The mainland's largest wireless carrier said on Monday it plans to sell no more than 964.8 million shares, or 4.5% of its total issued shares, publicly on the Shanghai Stock Exchange<\/a> at an undisclosed price.
Shares of the company closed at HK$48.8 on Monday.
China Mobile<\/a>, China Telecom<\/a> and China Unicom<\/a> said earlier this month they expect the NYSE<\/a> to notify regulators of their delistings after an unsuccessful appeal by the companies to revert the move.
The delistings stem from a Trump-era decision to restrict investment in Chinese technology firms, which has been left unchanged by the Biden administration amid continuing tensions between Washington and Beijing.
In March, China Telecom<\/a> announced its plans to raise roughly $4.1 billion by selling up to 12.09 billion shares on the Shanghai Stock Exchange<\/a>.
China Mobile said it aims to use the proceeds from the offering to develop its premium 5G networks and infrastructure for cloud resources, among others.
It may also expand its offering by 15% by exercising an over-allotment \"greenshoe\" option, it said in a statement.
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中国移动上海上市的眼睛60亿美元后萎靡不振的纽交所退出
中国内地最大的无线运营商周一表示,计划发行不超过9.648亿股,或其发行股份总额的4.5%,在上海证券交易所公开一个秘密的价格。
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中国内地最大的无线运营商周一表示,计划发行不超过9.648亿股,或总已发行股票的4.5%,公开的上海证券交易所在一个秘密的价格。
该公司股价周一收于48.8港元。
中国移动,中国电信和中国联通本月早些时候表示他们希望的纽交所上报监管部门的退市公司上诉失败后的恢复。
退市源于Trump-era决定限制投资中国科技公司一直不变的拜登政府在华盛顿和北京之间持续的紧张局势。
今年3月,中国电信宣布计划通过出售至多120.9亿股筹集约41亿美元的上海证券交易所。
中国移动表示,计划利用所得提供开发其保险费5 g网络和基础设施云资源,等等。
它也可能扩大其提供15%行使超额配售“超额配售选择权”选项,它在一份声明中说。
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