China Mobile Jumps in Shanghai Debut
China Mobile shares edge higher in Shanghai debut
Shares of China Mobile Ltd. jumped on their Shanghai debut Wednesday, after the Hong Kong-listed telecom operator raised US$8.8 billion in one of the world's largest share sales last year.
China Mobile (CHL) Upgraded to Buy: Here's Why
SHANGHAI (Reuters) -China Mobile Ltd shares gave up strong early gains but finished the day higher in their Shanghai debut on Wednesday, after the company raised 48.7 billion yuan ($7.64 billion) in China's biggest public share offering in a decade.
China Mobile exercises greenshoe option amid high demand for Shanghai offering
China Mobile (CHL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES MAJOR SHARE TRANSACTION WITH COCOON HOLDINGS AFTER THE TRANSACTION WITH TIGER SUPER FUND
China Mobile Ltd. has exercised the greenshoe option in its blockbuster Shanghai offering, issuing an additional 126.9 million shares amid high investor demand.
Ideas
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced another major share transaction. Readen Investment Limited, a major shareholder of RHCO, has sold 28,600,000 shares of RHCO to IT Star Limited.
Profile
The large operator has built more than 50% of the 5G base stations in the world. In July 2021, China Mobile announced that the power consumption of the 5G base station had been reduced to a figure amounting to about three times that of the 4G base stations, about 1900W.
