China Unicom announced on the night of April 5 China Unicom Group is planning and pushing the mixed-ownership reform and its controlling shareholder China United Network Communications Ltd (600050.SS) (A-share compay) will be used as a platform for the reform. The reform issues may involve changes in shares of the shareholder.
The announcement said the relevant plan is argued and significant uncertainties remain.
China Unicom suspended trading in A shares on the morning of April 5. The industry thought the enterprise was going to release the mixed-ownership-reform plan but China Unicom Chairman Wang Xiaochu said it was waiting for the approval from the Chinese government.
China Unicom will resume trading on April 6, according to the announcement.