News Snapshot:
26 May 2021 135 The world’s largest mobile operator by subscribers, China Mobile has approved plans for a potential $6.06 billion listing in Shanghai Stock Exchange, weeks after the telecom firm said it would be delisted by the New York Stock Exchange (NYSE). As part of that plan, the Chinese state-owned company will issue up to 964.8 million shares or 4.5% of its total issued shares. According to a report in the Global Times, the funds raised from its listing in the A-share market will be used in a series of projects including 5G boutique network rollout, artificial intelligence (AI),...
