China Unicom parent meets obstacle in A-shares issue

News from the securities field pointed out that China Unicom (0762) parent company China United Telecom met hurdle in the plan of A-share issue. The central government allegedly holds conservative attitude due to the nature of the listed assets and the situation of the stock markets. The chance of getting approval is rather slight. Besides the shareholding of China Unicom, it is also rumored that the United Telecom planned to inject the fixed networks and paging businesses in Tianjin, Chongqing and Chengdu into the holding company which applied for A-share listing, therefore making the listed assets not just pure nature of shareholding.

Related stock : (762)