China Telecom Corporation Limited (CHA)
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Shares in China Telecom surged nearly 20 percent in their Shanghai debut Friday after the world's biggest public offering of the year, coming after the company was delisted in the United States amid China-US tensions.
China Telecom Corp, blacklisted by the U.S. government, surged on its first day of trade on Friday, defying a bearish market and following its $7.3 billion fundraising via public offering, the world's biggest in 2021.
China Telecom could raise more than $8 billion in a Shanghai initial public offering that would be the biggest this year, months after it was delisted in the United States amid Washington's stand-off with Beijing.
Jul.22 -- China Telecom Corp. has received regulatory approval for a primary share sale in Shanghai that is set to be the world's biggest so far in 2021. This comes half a year after the company was booted off the New York Stock Exchange.
Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.
3 Chinese telecom carriers will be delisted from NYSE after losing appeals over a Trump-era investment rule2021-05-07 12:38
Shares of three major Chinese telecom carriers will be delisted from the New York Stock Exchange after their appeals against being delisted were rejected, based on separate filings in Hong Kong, The Wall Street Journal reported Friday. China Mobile, China Unicom (Hong Kong), and China Telecom all said they expect the NYSE to request permission from the Securities and Exchange Commission to delist their American depositary receipts. This will take effect 10 days after the SEC is informed.
HONG KONG, April 28, 2021 /PRNewswire/ -- China Telecom Corporation Limited (the "Company") (HKEx: 728) (NYSE: CHA) announced that it has filed its Annual Report on Form 20-F for the year ended December 31, 2020 (the "2020 Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). The 2020 Form 20-F is available on the Investor section of the Company's website at https://www.chinatelecom-h.com and on the SEC's website at https://www.sec.gov.
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Asian Event-Driven Weekly: Spotlight On China Telecom's Planned A-Share Listing
China Telecom Corp Ltd (OTC: CHJHF) is contemplating a new listing in Shanghai to seek financing months after its NYSE delisting under an executive order from former U.S. President Donald Trump, Bloomberg reports. The state-owned wireless carrier plans to issue 12 billion shares on the mainland China bourse.