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Monday, October 15, 2007

Mobile and Netcom A shares may return next year - has been scheduled Underwriters

China Mobile (million) and Netcom (Holdings) return to the A shares made new progress. Before the outside world came news of China Mobile and China Netcom plans to achieve A-share listed. However, the two companies still are not related to any of this information.
The source disclosed that China Mobile has appointed its companies in the A-share IPO underwriters, Netcom has appointed in the company, China and Thailand Securities and UBS as underwriters. The person said, "China Mobile and China Netcom listed in the A-share market has not yet determined the time, which will mainly depend on foreign registered companies listed related policies promulgated time. China Mobile and China Netcom are red chips, or companies registered in offshore, but the main assets in the territory. This was China Mobile end of issue A shares, but has not promulgated policies, companies can postpone the plan. outside the A-share listed companies incorporated relevant policies originally planned introduction of the third quarter of this year, but because of various reasons, the introduction of the policy been postponed. "
Earlier, in the mobile industry that will become the first A-share return of the red-chip companies, China Mobile chairman cited in April to attend the Boao Forum for Asia, said China Mobile return to the A-share sale to adopt the old shares, the total share capital of this company will not expand, the old shareholders will not profit So be diluted. Mobile’s speech was that China Mobile will soon return to the important signal.
However, in early September, had cited that China Mobile is actively preparing to return to the A shares, but still do not have a timetable. Netcom chairman Zhang Chunjiang said, Netcom A shares listed on the reunification of no specific timetable.
Furthermore, the return of China Mobile, early in September, SASAC Director Li Rongrong said publicly to the media, the SASAC has completed the preparatory work of hope, soon return. But it also depends on concrete progress in other sectors work arrangements.
The latest Morgan Chase reported that A-share listed China Mobile will be complex and lengthy than expected, while the telecommunication industry in the reorganization may have adverse movement. Therefore, the reunification of Mobile A shares may encounter resistance, estimated to wait until after the restructuring of the telecommunication industry, China Mobile is expected to return to the A shares. In addition, the report said Lyon, I believe the reorganization of the telecommunications industry in the foreseeable future is unlikely to happen.

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