Caixin
Jan 04, 2022 07:57 PM
BUSINESS

China Mobile’s Homecoming Set for Wednesday as Shares Start Trading in Shanghai

What’s new: State-owned telecom giant China Mobile Ltd. is set to debut on the Shanghai Stock Exchange on Wednesday, according to its exchange filing to the Hong Kong bourse on Tuesday.

No additional details were offered in the latest notice. But in a filing two weeks ago, the company said it aimed to raise up to 55.9 billion yuan ($8.78 billion) — placing it among the largest global offerings of the past year — by selling up to 972.6 million shares at 57.58 yuan each.

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