Mobile Mr Wang's initiative to bring back A shares

Ming Pao reported that China Mobile (0941) over the years chanted "return" a-share has not been done, but a few days ago the mainland regulatory authorities revealed that qualified foreign companies can be listed, or to move the "return" of the desire to achieve, or will become the first "return" of red chips. Mr Wang, the chairman of the board, said he was happy and excited about the policy, and that if the application came out, "there is no doubt that we will actively apply."　　He also reiterated the company's tendency to "return to the country" in the form of Chinese pre-depository Securities (CDR). Mr Wang yesterday, during a shareholder meeting, asked himself to express his "homesickness", saying: "China Mobile has been listed in Hong Kong and New York for nearly 12 years, and its management is eager to return to the mainland soon."　　He changed the March by referring to changes in the city, has stopped the "return" of the preparation of the tone, said about 2 years ago, the company has begun to "return a listing" of the specific preparations, but is subject to a variety of reasons failed to achieve, the company's share price has fallen sharply, but it is very beneficial to investors. Still inclined to maintain consistency in the CDR format he explained that the tendency to issue CDR was due to consistency with Hong Kong in terms of corporate regulation and disclosure, so that issues of different performance disclosure periods would not arise. Although the application method has not yet been introduced, the company does not have a "return" timetable, but if it comes out, "there is no doubt that we will apply actively because such a large company should be able to return to the mainland as soon as possible."　　"It is understood that mobile" return "tend not to issue new shares, so as to avoid diluted existing investor interests." Market Vision Mobile Hair CDR, the stock price rose 2.6% to 74.15 yuan.　　Some analysts believe that Mr Wang's initiative to express their views, or because "soon will be done", the news on the price of the stimulus, but it is difficult to estimate whether the company will become a "return a shares" of "Red chip first." reiterated that the shares of the various parties are beneficial to the point that Taiwan's regulatory authorities will not be easy to "pass" the shares, Mr Wang stressed: "The road is to rely on people to come out ... We left ample time for the agreement.　　He added that the stakes were good for all parties, optimistic about the outcome, and that the company was a strategic investor, with a heavy emphasis on synergy rather than financial investors, and did not consider buying shares through channels such as qualified institutional investors. Mr Wang said that the company had not considered increasing dividends in response to the 10% dividend tax levied by the Inland Revenue Department.