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China Mobile sells 2.48% stake in CICC for up to US$59m

Connectivity BusinessbyConnectivity Business
July 12, 2016
in Investments, Space Services
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The world’s largest wireless operator, China Mobile, is reportedly selling its 2.48% stake in investment bank China International Capital Corp to raise up to US$59m. The company is selling 37.7 million shares in the indicative marketing price band of between HK$11.85 (US$1.52) and HK$12.09 (US$1.56) per share. The world’s largest wireless operator, China Mobile (SEHK:0941), is reportedly selling its 2.48% stake […]

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Tags: Asia PacificChina Broadcasting Network (CBN)China MobileChina TowerGoldman SachsPremiumTF247
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