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Rumor: Unicom, Netcom to Exchange Shares during Merger
China Business News, 5/28/08
A source in China Netcom (NYSE: CN; 0906.HK) management has revealed that in the merger between China Netcom and China Unicom (NYSE: CHU; 0762.HK; 600050.SH), Unicom will take a leading role. Read More
Rumor: Unicom Subscriber Resource Valued at RMB 60 bln
Sina Tech, 3/11/08
A rumor that China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) subscriber resources have been valued at RMB 60 bln caused Unicom's share price to drop from RMB 10.08 to RMB 9.70 yesterday, its lowest level for several months. Read More
Rumor: Roadmap for Telecom Restructuring Unveiled
Hexun Stock, 1/10/08
A draft roadmap for the restructuring of the Chinese telecommunications industry is rumored to state that China Tietong will be merged into China Mobile (NYSE: CHL; 0941.HK), with vice-minister of the Ministry of Information Industry (MII), Xi Guohua, moving into a senior position at China Mobile; China Netcom (NYSE: CN; 0906.HK) will be merged into China Unicom (NYSE: CHU; 0762.HK; 600050.SH), and Unicom's CDMA business will be merged into China Telecom (NYSE: CHA; 0728.HK). Read More
Baidu CFO Dies in Accident
China Business News, 1/02/08
Baidu (Nasdaq: BIDU) has announced that CFO Shawn Wang died in an accident December 27. Read More
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