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China Unicom Still in Negotiations with Investors

Updated:2017/7/25 14:03

Again, China Unicom clarified introducing investors in the mixed ownership reform on July 23.

The announcement said China Unicom, still in talks with potential investors, has no idea of the reported sources of information and has signed no binding framework or subscription agreements with the potential investors.

Early in April this year, the company claimed it was planning and pushing the mixed-ownership reform and its controlling shareholder China United Network Communications Ltd will be used as a platform for the reform. The company planned to introduce strategic investors through private offerings of shares.

China Unicom has recently received approval from the National Development and Reform Commission about the mixed ownership pilot reform program. Given the reform involving some major issues, the private offering of stock of China Unicom will start with approval from the relevant ministries.

 Source:C114
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