SHANGHAI: Hong Kong-listed China Telecom<\/a> Corp, the state-owned wireless carrier blacklisted by Washington, said on Tuesday it plans to sell shares in Shanghai to broaden its financing channels.

China Telecom<\/a> proposes to sell up to 12.09 billion shares publicly on the Shanghai Stock Exchange<\/a>, or 13% of the enlarged capital base, according to an exchange filing. The company will raise roughly $4.1 billion based on its Hong Kong closing price on Tuesday.

China Telecom may also expand its offering by 15% by exercising an over-allotment \"greenshoe\" option.

China Telecom, China Mobile and
China Unicom<\/a> are appealing a decision by the New York Stock Exchange<\/a> to delist their American Depositary Receipts (ADRs), after former U.S. President Donald Trump<\/a> banned U.S. investment in companies with alleged military backing.

Index publishers MSCI, FTSE Russell and S&P Dow Jones Indices removed the three Chinese firms from their global benchmarks after they were put on the U.S. blacklist.

A Shanghai listing can help the company \"broaden sources of funds, enhance capital strengths and improve risk tolerance,\" China Telecom said on Tuesday.

Proceeds from the share sale, which needs shareholder and Chinese regulatory approval, will be used to fund 5G projects, cloud-network infrastructure, research and innovation, the company said in the filing.

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美国列入黑名单的中国电信计划估计4美元左右上海上市

在香港上市的中国电信集团无线运营商被华盛顿列入黑名单,周二表示,该公司计划在上海发行股票来拓宽融资渠道。

  • 更新2021年3月10日凌晨08:20坚持
阅读: 100年行业专业人士
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上海:在香港上市的中国电信集团进行无线运营商被华盛顿列入黑名单,周二表示,该公司计划在上海发行股票来拓宽融资渠道。

中国电信提出出售至多120.9亿股公开上海证券交易所,或者扩大资本金的13%,根据交易文件。公司将根据其香港筹集约41亿美元周二收盘价。

中国电信也可能扩大其提供15%通过行使超额配售“超额配售选择权”选项。

中国电信、中国移动和中国联通吸引人的决定吗纽约证券交易所从他们的美国存托凭证(adr),美国前总统唐纳德·特朗普禁止美国投资公司与所谓的军事支持。

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道琼斯指数出版商摩根士丹利资本国际(MSCI),富时罗素和标普指数将三家中国公司从他们的全球基准后他们把美国黑名单。

上海清单可以帮助公司扩大资金来源,增强资本实力,提高抗风险能力,“中国电信周二表示。

售股所得,需要股东和中国监管机构的批准,将用于资助5克项目、云计算网络基础设施、研究和创新,公司在文件中称。

  • 发布于2021年3月10日08:17点坚持

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SHANGHAI: Hong Kong-listed China Telecom<\/a> Corp, the state-owned wireless carrier blacklisted by Washington, said on Tuesday it plans to sell shares in Shanghai to broaden its financing channels.

China Telecom<\/a> proposes to sell up to 12.09 billion shares publicly on the Shanghai Stock Exchange<\/a>, or 13% of the enlarged capital base, according to an exchange filing. The company will raise roughly $4.1 billion based on its Hong Kong closing price on Tuesday.

China Telecom may also expand its offering by 15% by exercising an over-allotment \"greenshoe\" option.

China Telecom, China Mobile and
China Unicom<\/a> are appealing a decision by the New York Stock Exchange<\/a> to delist their American Depositary Receipts (ADRs), after former U.S. President Donald Trump<\/a> banned U.S. investment in companies with alleged military backing.

Index publishers MSCI, FTSE Russell and S&P Dow Jones Indices removed the three Chinese firms from their global benchmarks after they were put on the U.S. blacklist.

A Shanghai listing can help the company \"broaden sources of funds, enhance capital strengths and improve risk tolerance,\" China Telecom said on Tuesday.

Proceeds from the share sale, which needs shareholder and Chinese regulatory approval, will be used to fund 5G projects, cloud-network infrastructure, research and innovation, the company said in the filing.

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