More than 4% mobile per cent to be issued by the domestic CDR to avoid shareholder interest diluted

Source: Internet
Author: User
China Mobile, which has lowered its dividend rate due to a 10% dividend tax, Gaokaigao a boost to the market this morning, with share prices soaring 4.43% to HK $75.5 a day, 25.932 million shares. The company's chairman, Mr Wang, recently said that if the policy allows the company to consider listing in Shanghai by issuing a Chinese depository voucher (CDR) rather than a a-share, a simpler procedure.  Since the issue of CDR will not add new shares, the original shareholders will not have an interest diluted role, and the original distribution of the market will be reduced by the volume of circulation (part of the shares due to the issue of CDR) and the stock price as a support and boost. Mr Wang also said it was optimistic that Taiwan's regulatory authorities had approved China Mobile's 12% per cent stake in the 4904-TW Telecom Co. China Mobile will apply for regulatory approval once remote telecom shareholders have approved the $17.77 billion ($ 536 million) cash takeover deal. At the same time, China Mobile is looking for other overseas acquisitions that can bring synergies, but the company's business focus will be on the domestic market often and for the 3G service is launched, Mr Wang refers to the company has spent 600 million yuan, together with 6 domestic and foreign manufacturers to develop TD mobile phones, material this year will have 11 mobile phone marketable, A minimum of 30 high-end handsets will be launched next year.

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