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Investment Bank Said China Tower¡¯s Share Price was Underestimated by the Market

Updated:2018/9/7 17:33

Affected by the rumors of China Telecom and China Unicom's merger, China Tower’s stock price fell more than 13% in two days. Following a 6.78% fall on September 4, its share price plunged again by 6.36% on the 5th, breaking a new low of HK$1 in the session.

In response, China Tower announced that it took note of recent stock price fluctuations and recent news reports about some shareholders of the company.The company confirms that it is operating normally and is not aware of any cause of fluctuations in stock prices.

After markets opened today,China Tower’s share price continued to rise. It can be seen that the impact of the “merger” rumor is being further reduced.

Today some investment bank said that China Tower was undervalued because of the end of the IPO period and the possible merger of China Unicom and China Telecom.

 Source:C114
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