China Unicom to decrease state-owned stocks when issuing A shares

China Unicom (0762) Executive Director and Executive Vice-President Shi Cuiming said according to the announcement of the State Council, the parent company of all state-owned enterprise including overseas-listed company should decrease 10% state-owned stocks against raised fund when listing or issuing new shares and contribute the capital to the PRC government Social Security Fund. Shi said China Unicom will make relevant arrangement according to the regulation when issuing A shares. But there is no concrete scheme yet.

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