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BIZCHINA / IT Industry |
Update: China Mobile to list on mainland in JulyBy ()
Updated: 2007-06-19 15:59 Red Chip China Mobile Ltd may list on the Chinese mainland stock exchange in July, raising up to 80 billion yuan. The Hong Kong-listed company is waiting approval from the China Securities Regulatory Commission (CSRC) for an A-share issue and has appointed Goldman Sachs Gaohua as the underwriter. Last week, CSRC reportedly sought comment on draft rules allowing Hong Kong red chips to issue A-shares. China Mobile is expected to be among the first batch of qualified companies to issue A-shares. (US$1 = 7.62 yuan) (For more biz stories, please visit Industry Updates)
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