China Mobile to Raise up to $8.8bn in Shanghai Share Listing

over 2 years in Mckoys News

China Mobile, the world’s largest mobile network operator, aims to raise as much as $8.8bn (£6.7bn) when it lists its shares in Shanghai. The company was kicked off the New York Stock Exchange due to rules imposed during Donald Trump’s presidency. It joins a growing number of US-listed Chinese firms that are exiting Wall Street. China Mobile’s smaller rivals, China Telecom and China Unicom, have already made the move to their home country. The three firms were delisted from the New York Stock Exchange after a Trump-era decision to restrict investment in Chinese technology companies. The policy remained unchanged under…

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