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[XGNews]: China Telecom: A shares will be listed on the Shanghai Stock Exchange on August 20

The following is the [XGNews]: China Telecom: A shares will be listed on the Shanghai Stock Exchange on August 20 recommended by xgapn.com.

News on August 18 (shuiyi) today, China Telecom announced that the company’s shares will be listed on the Shanghai Stock Exchange on August 20, 2021.

From March 9 this year, China Telecom announced that it would return to a shares and officially listed on August 20, China Telecom took only more than five months.

The announcement shows that without considering the over allotment option of this A-share issuance, the net capital raised in this issuance is 46712152000 yuan; If the over allotment option of this A-share issuance is fully exercised, the net capital raised in this issuance is 5372712880 yuan.

At the previous online investor exchange meeting on China Telecom’s initial public offering of a shares, Ke Ruiwen, chairman of China Telecom, said that China Telecom will cherish and make good use of every penny in the capital market, raise funds to invest in 5g industrial Internet construction, cloud network integration, new information infrastructure, scientific and technological innovation and R & D, and cooperate with strategic investors, Strengthen coordination and jointly build industrial ecology. At the same time, we will promote the close integration of the capital market and the user market, release the development potential, make every effort to build service-oriented, scientific and technological and security enterprises, and strive to become the main force in building a network power, digital China and maintaining network information security.

China Telecom will also take this A-share listing as an opportunity to comprehensively deepen the reform, implement the market-oriented incentive mechanism, further integrate various resources of the enterprise, optimize the organization, team and process, improve the operation service capacity, give full play to the power of capital and ecology, and further promote the “cloud to digital transformation” strategy in an all-round way.

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