日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

China Telecom to Go Public
China Telecom, the fixed-line telecom giant in the south of the country, announced yesterday it aims to raise up to US$3.68 billion, in the world's third-largest initial public offering (IPO) this year, by selling 16.8 billion shares in Hong Kong and New York early next month.

The new shares, or 20.1 percent of the enlarged share capital, are set at an indicative price range of HK$1.48-HK$1.71 (19-22 US cents) including brokerage fees.

Most of the proceeds will be used to upgrade the company's networks. Final pricing of the deal will be determined on October 30 in New York.

About 5 per cent of the IPO will be sold to Hong Kong retail investors, who can subscribe for shares today, and the rest will be placed with institutions.

The shares are expected to begin trading on November 6 in New York and the following day in Hong Kong.

China Telecom said it plans to pay a dividend of about 6.5 HK cents per share for this year and the next, and its dividend yield would be between 3.6 and 4.1 per cent.

The company revealed in Hong Kong yesterday that it would consider buying five provincial networks from its State-owned parent China Telecom Group 6 months after the IPO.

"One of our long-term strategies is to acquire quality assets from our parent," said Zhou Deqiang, chairman and chief executive officer, at a video conference from New York.

"Six months after the IPO, we are still considering the acquisition of about five networks," he added but did not give the names of the five networks.

The chairman also said that China Telecom had asked for permission from the Ministry of Information to increase the fees that it could charge other telecom carriers to connect to its network, which, if approved, would boost the company's revenue.

(China Daily October 25, 2002)

China Telecom to Offer 16.8 Bn H Shares Globally
Revamped China Telecom Records Strong Growth
China Mobile HK Stirs Market
Analysis: Can China Unicom Props Up CDMA's Heaven?
China Netcom Acquires AGC
Investors Welcome Unicom's Low IPO
China Telecom Gets US Licence
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 礼泉县| 新龙县| 苍山县| 安平县| 铁力市| 蒙城县| 陵川县| 怀化市| 遵化市| 章丘市| 武陟县| 鄂托克旗| 黄冈市| 五大连池市| 铁力市| 郑州市| 临漳县| 炉霍县| 林口县| 伊川县| 综艺| 新化县| 怀来县| 陈巴尔虎旗| 鸡泽县| 体育| 建阳市| 仙桃市| 黄梅县| 遂平县| 岐山县| 刚察县| 莲花县| 东辽县| 乌兰浩特市| 娱乐| 寻乌县| 北宁市| 万山特区| 黔西县| 永嘉县|