Top News

China Unicom Keeps Stock Halted for Another 2 Months, Advancing Mixed Ownership Reform

Updated:2017/5/11 15:41

China Unicom announced on May 11 that it is vigorously pressing forward with the mixed ownership reform business, but with uncertainties, given that the specific implementation of this major event involves prior approval procedures of a number of government departments.

It is estimated that the related solutions won't be disclosed before May 16. The company claims to continuously keep its stock halted for another 2 months from May 16.

The mixed ownership reform of China Unicom began with an announcement coming out on April 5, which may include the change in A shares, of suspending trading in A shares on that day.

Wang Xiaochu, chairman of China Unicom, said at its annual shareholder meeting held recently that the mixed ownership reform is being carried out and the company needs communication with ten ministries and commissions. The reform won't affect the holdings of the core staff, he also noted.

Mr. Wang hoped for an independent operation for China Unicom after the reform.

 Source:C114
For press release services, please email us at english@c114.net.cn.

Related News

E-Mail:english@c114.net.cn

Copyright© 2014 C114 All rights reserved.
»¦ICP±¸12002291ºÅ-4