China Mobile fell slightly this morning, with shares falling 1.09% per cent to HK $76.95 in half a share and 12.73 million shares in the deal, buoyed by the news that the 4904-TW scheme had received far-spreading shareholder approvals. The company's shareholders have approved China Mobile's 12% per cent vote, according to Gao Zhihua, a spokesman for tele-communications, which plans to issue 444.34 million new shares to China Mobile, with a price of NT $40 each, up to a total of NT $17.77 billion. But Taiwan's government has yet to approve the deal, and Taiwan's regulators have previously said the telecoms industry is not in the first open sector that the Taiwanese government intends to invest in China, making the deal a success. Yiao Haojan, a joint director of asset-rich assets, also believed that the market had digested the relevant news, and that even if the shares had been successful, they had contributed little to the profitability of the move and, in line with the market theme, were not in the telecommunications sector, which continued to fall from 76 to HK $81.
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