China Mobile Limited (CHL)
CHL Price and Sentiment
CHL Latest news
During the Covid-19 pandemic, smartphones and telecommunication services have become of even more vital importance to the functioning of the global economy.
President Joe Biden signed an executive order Thursday banning Americans from investing in 59 Chinese firms believed to be linked to China's military, expanding an earlier Trump administration order.
President Biden banned 59 defense and surveillance-technology firms from U.S. investment, up from the 44 blocked by the Trump administration.
The Biden administration has replaced and expanded Trump-era restrictions on investing in certain Chinese firms deemed supportive of that country's surveillance and military apparatus. Major tech, space, and telecom companies are listed in the initial 59 covered by the Executive Order, with more to come by order of the Treasury.
CNBC's Becky Quick gives the latest details on the proposed U.S. ban on trading certain Chinese stocks.
China Mobile Ltd (OTC: CHLKF) seeks to raise almost $6.1 billion from the sale of up to 964.8 million shares (based on Monday closing price) in Shanghai Stock Exchange following former Trump government-led eviction from the U.S. exchange, the Wall Street Journal reports. On May 6, China Mobile, China Telecom Corp Ltd (OTC: CHJHF), and China Unicom (Hong Kong) Ltd (OTC: CHUFF) lost appeals against the NYSE eviction.
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 29, 2021 /PRNewswire/ -- China Mobile Limited (the "Company") (HKEx: 941) (NYSE: CHL) announced today 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 2020 Form 20-F is available on the Investor Relations section of the Company's website at http://www.chinamobileltd.com and on the SEC's website at http://www.sec.gov.
Nokia Oyj (NYSE: NOK) said on Tuesday that China Mobile Cloud will use its Nuage Networks end-to-end solution for the deployment of its public cloud service. What Happened: Nokia's Nuage Networks will provide its cloud technology services to China Mobile Cloud to help it ramp up public cloud service.