STOCK ALERT China Mobile extends gains in line with market, A-share issue
report
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HONG KONG (XFN-ASIA) - China Mobile Ltd extended its gains in the afternoon in line with the broader market and the sector, with interest in the stock also fueled by a mainland media report that the company could list A-shares in Shanghai as early as next month.
The China Business Journal reported, citing unnamed sources, that China Mobile may list on the mainland as early as July, raising up to 80 bln yuan.
The company is awaiting approval from the China Securities Regulatory Commission for the A-share issue, the report said.
China Mobile was up 3.30 hkd or 4.35 pct at 79.10, up from its morning finish of 78.55, while the Hang Seng Index was up 475.69 or 2.26 pct at 21, 492.28, off a high of 21,565.43..
(1 usd = 7.8 hkd)
report
-
HONG KONG (XFN-ASIA) - China Mobile Ltd extended its gains in the afternoon in line with the broader market and the sector, with interest in the stock also fueled by a mainland media report that the company could list A-shares in Shanghai as early as next month.
The China Business Journal reported, citing unnamed sources, that China Mobile may list on the mainland as early as July, raising up to 80 bln yuan.
The company is awaiting approval from the China Securities Regulatory Commission for the A-share issue, the report said.
China Mobile was up 3.30 hkd or 4.35 pct at 79.10, up from its morning finish of 78.55, while the Hang Seng Index was up 475.69 or 2.26 pct at 21, 492.28, off a high of 21,565.43..
(1 usd = 7.8 hkd)
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