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China Unicom: Stock repurchase of red-chip company completed

Source: Internet
Author: User
Keywords Shares China China Unicom China
Tags communications company network network communications no longer stock stock repurchase telecom company
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View the latest quotes November 5, China Unicom (600050) holding subsidiary of China United Network Communications (Hong Kong) Co., Ltd. (unicom red chips) under the terms of the share repurchase agreement, Take out the way to buy back the shares of South Korea SK Telecom Company owned by the Unicom red chips, the shares of about 900 million shares will be cancelled as soon as possible after the completion of the share repurchase. After the repurchase is completed, SK Telecom will no longer hold any shares in the Unicom red-chip company. China Unicom also announced that Zheng Wanyuan resigned as non-executive director of Unicom's red-chip company on November 5. (Construction Industry)

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