China Mobile IPO Approval issued by the China Securities Regulatory Commission

This evening, the Securities Regulatory Commission approved the initial application of China Mobile Co., Ltd. in accordance with legal procedures. 

Original announcement:

Recently, China Mobile Co., Ltd. approved the initial application of the following company in accordance with legal procedures.

The above-mentioned companies and their underwriters will negotiate with the exchange to determine the issuance schedule and publish the prospectus documents.

Previously, on August 18, China Mobile announced its A-share IPO prospectus, intending to be listed on the Shanghai Stock Exchange. The number of A-shares planned to be publicly issued will not exceed 965 million shares, that is, not more than 4.50 of the total number of issued shares of the company after the issuance. % (Before exercising the over-allotment option), it is planned to raise 56 billion yuan.

Prior to China Telecom’s fundraising amount of 54.2 billion yuan, that is to say, China Mobile will become the largest A-share IPO in the past 10 years.

China Mobile announced on the Hong Kong Stock Exchange on October 20 that China Mobile’s operating income in the first three quarters was 648.6 billion yuan, a year-on-year increase of 12.9%; net profit attributable to the parent was 87.2 billion yuan, a year-on-year increase of 6.9%. Among them, revenue from communications services was 572.9 billion yuan, an increase of 9.0% over the same period last year.

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