Chuan Datang Telecom or the Social Security Fund allotment 20%

"The report" according to Foreign quoted English "China Daily" reported in Thursday, telecommunications equipment Manufacturers Datang Telecom is currently in consultation with the China National Social Security Fund for the sale of 20% shares, the transaction involved in the amount or up to 3 billion yuan. 　　According to sources, the main time division of Synchronous Code Division multiple Access (TD-SCDMA) Development Enterprise Datang Telecom, has not yet on the private placement price and the China National Social Security Fund (NSSF) agreed. However, Datang Telecom and the National Social Security Fund have not commented on this. Sources said that Datang Telecom's placement will be used to raise production capacity and improve working capital. In fact, last year the Chinese State Development Investment Corporation (SDIC) bought 35% of Datang Telecom's shares at a price of 5 billion yuan.