Vodafone sells mobile stocks

The News (reporter Tian Cong) has long been brewing Vodafone sold China Mobile (00941,HK) stake in the matter finally settled.　　Yesterday, Vodafone sold a 3.2% per cent stake in China Mobile to international investment banks, trading at more than HK $50.9 billion. 8 investment banks to participate in the placement yesterday, China Mobile to keep low after the opening, the full day turnover amounted to HK $58.8 billion.　　Such a large turnover is closely related to Vodafone's placement. Vodafone, the UK's telecoms giant, is also one of the major foreign shareholders in the movement, holding 642 million shares, accounting for 3.2% of the total mobile stock.　　Although the shareholding is not very high, but the amount of money involved, the deal has attracted the attention of the industry. Vodafone held shares at a price of HK $79.2 to HK $80 (discount of 2.4% to 3.4% on the closing price of the previous day).　　Eight investment banks, including Goldman Sachs, UBS, Morgan Stanley and HSBC, are reported to have been involved in the placements. A mobile spokesman said yesterday that it had officially received a notice from Vodafone to sell its shares. Previously, mobile chairman Wang Mr Wang made clear that Vodafone held a mobile restricted period has passed, the right to decide whether or not to reduce.　　Mr Wang also said it had no intention of using the cash in hand to buy back this part of the stake.　　Investing in Vodafone's mobile investment in 10 has been 10 years old. In 2000, Vodafone spent $2.5 billion to buy 2.5% of the shares, averaging HK $48 per share, becoming the first overseas investor to be greeted by Chinese telecoms operators.　　2002, the move to buy 8 provincial assets into listed companies, Vodafone also spent 750 million U.S. dollars overweight, the average price per share of HK $24.7. According to the original investment calculation, Vodafone invested in 10, earning more than one times. Yesterday, Vodafone sold 3.2% per cent of China Mobile, trading at more than HK $50.9 billion.　　Vodafone said 70% of the proceeds would be used to buy back their shares and the remainder to reduce debt. Yesterday, an industry analyst said that in these 10 years, Vodafone and mobile did not have any significant cooperation, both in terms of technical and equipment procurement, there is no so-called synergy effect.　　The person believes that mobile is now the world's largest telecommunications provider, not lack of funds.　　The company also planned to withdraw from the Polish and French markets after Vodafone said it wanted to restructure its business and withdraw from overseas investment, not just from China.　　A spokesman for the mobile said yesterday that the two sides would continue to co-operate in areas such as business and technology. The impact of the decline in mobile volume of the Hang Seng index amounted to HK $821 million, the largest shares of Hong Kong stock market (reporter min Tian Cong) by Vodafone selling influence, China Mobile plunged 3.78%, closed to HK $78.9. HSBC Holdings, the biggest weighting unit of Hang Seng index, also fell 1.32% yesterday.　　This allowed the index to drop 312.93 points, or 1.46%. Mobile yesterday released a huge amount, a full-time deal of HK $58.85 billion,The turnover rate reached 3.7%.　　Volume is the previous trading day nearly 40 times times, this scale is also Vodafone to reduce the market value of 1.5 times times. The Vodafone Sell-off also affected investor sentiment, as China Mobile became the biggest selling stock in the market yesterday.　　The exchange figures show that the amount of mobile sales yesterday amounted to HK $821 million, accounting for 20.05% of the total market selling. Nomura is still bullish on the share price of the move, the bank report pointed out that the Vodafone holdings in mobile short-term share prices under pressure, but the mobile interim results should be affirmed, to give a buy rating, the target price of HK $91. Goldman Sachs analysts believe that Vodafone's past on mobile operations has limited influence, although the way the sale of shares is relatively unexpected, but to help advance the removal of mobile stock price barriers.　　As a result, Goldman still maintains a "buy" rating for mobile. Lajiv Kein Rajiv Jain, a fund manager for Vontobel Emerging markets, said China Mobile had a higher profit margin three years ago, with a market share of more than 70%. As a result, it was forced to get an untested 3G system and to exchange its President and CEO with rivals.　　If Google is doing a good job of exchanging Google and Yahoo's CEOs, how will investors react? Data show that in the first half of this year, mobile achieved net profit of 57.6 billion yuan, up 4.2% year-on-year.　　Mr Wang said in the first half of the performance statement that the move in the mainland International board listing plan has been actively advancing, is now fully prepared, is waiting for regulatory authorities to introduce relevant rules. Under the influence of mobile decline, Chinese telecom stocks fell yesterday, of which China Unicom fell 4.15%, Telecom fell 1.72%.