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China Mobile mulls IPO on A-share market

May 19, 2021


Abstract : China Mobile(0941.HK), one of the country's leading telecommunications operators, announced recently that the company is planning an an initial public offering (IPO) on the A-share market.

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A staff member demonstrates a VR device supported by 5G network at the booth of telecom giant China Mobile during the 22nd China Hi-Tech Fair (CHTF) in Shenzhen, south China's Guangdong Province, Nov. 12, 2020. (Xinhua/Mao Siqian)

BEIJING, May 19 (Xinhua) -- China Mobile(0941.HK), one of the country's leading telecommunications operators, announced recently that it is planning initial public offering (IPO) on the A-share market in an attempt to promote the transformation of digital intelligence and spur new drivers of high-quality development.

According to the announcement, the company planned to issue no more than 965 million shares through this A-share listing.

In the first quarter of 2021, the company raked in 198.4 billion yuan in operating revenue, up 9.5 percent year on year. The company's profits attributable to equity shareholders stood at 24.1 billion yuan in the first three months, an increase of 2.3 percent from the same period of last year.

As ofthe end of March, mobile subscribers of the company amounted to 940 million, with 5G network subscribers reaching 92.76 million. 

(Edited by YangYifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: IPO China Mobile

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