Official announcement of China Mobile: return to A-share listing and plan to issue 965 million shares
On the evening of May 17, China Mobile announced in the Hong Kong stock exchange that in order to grasp the opportunity window period of expanding information services, promote the transformation of digital intelligence, build a new digital intelligence ecology, and stimulate new momentum of high-quality development, the company plans to apply for A-share issuance and listing. According to the disclosure, China Mobile plans to issue no more than 965 million RMB shares (before exercising the over allotment option). China Mobile said that the raised funds will be used for: 5g boutique network construction project, cloud resources new infrastructure construction project, Gigabit smart home construction project, smart China platform construction project, new generation information technology R & D and digital smart ecological construction project. China Mobile has been listed in the layout of a shares before. On March 25, Yang Jie, chairman of China Mobile, said at the 2020 annual performance conference that China Mobile has noticed the mainland capital market

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