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China Tower to Raise $10 billion in Hong Kong IPO

Updated:2017/5/31 19:24

China Tower aims to raise as much as $10 billion in its first offering in Hong Kong and has invited investment banking as underwriters for its I.P.O., according to the foreign media.

One person familiar with the matter said that China Tower will launch IPO in the end of this year or early next year in Hong Kong first.

China Telecom, China Mobile and China Unicom co-financed China Tower in 2014, which was worth 10 billion renminbi. China Tower had a new investor, China Reform Holdings Corporation LTD. in 2015 and purchased assets worth over CNY210 billion from the three major operators in China.

China Tower, world's largest communications infrastructure service company, has about 1.7 million communication towers, seeking to be listed and realize mixed ownership.

 Source:C114
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