China Mobile board approves Shanghai exchange listing plan The Edge Markets


Source: theedgemarkets.com theedgemarkets.com

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- A + A (May 18): China Mobile Ltd., the country’s largest wireless carrier, has announced a plan to list in Shanghai after being removed from the New York Stock Exchange due to an investment ban ordered by former U.S. President Donald Trump. The proposal approved by the state-owned firm’s board would see it issue as many as 965 million shares, it said in a Hong Kong exchange filing late Monday. The company will seek sign-off from shareholders, and will submit applications to the China Securities Regulatory Commission and the Shanghai Stock Exchange. The proceeds will be used for the...