Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Chang Xiaobing: Netcom, Unicom to Complete Merger in Q4

NetEase, 6/02/08

In today's analyst briefing on the Announcement of the Merger between China Netcom (NYSE: CN; 0906.HK) and China Unicom (NYSE: CHU; 0762.HK; 600050.SH), China Unicom chairman and CEO Chang Xiaobing disclosed the post-merger shareholding structure of the New China Unicom: Netcom Group (29.49%), Unicom Group (40.92%, among which, A-shares account for 82.10%), and public shareholders (29.59%).

Chang also unveiled the transaction timetable: resuming trading on Hong Kong Stock Exchange on June 3; hold shareholders' meeting around September; complete merger in Q4 2008.

Keywords: restructuring 0762.HK 0906.HK 600050.SH Chang Xiaobing China Netcom China Unicom CHU CN Hong Kong Stock Exchange Q4 2008 telecom timetable wireless

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports