Ich bin hier drin WKN 909622 China Mobile

BEIJING, March 20 -- China Mobile Communications Corp, which controls the world's largest wireless operator by users, invited bids for contracts worth as much as 24 billion yuan (3.1 billion U.S. dollars) to build China's first high-speed phone network.

   The company asked equipment makers such as Nokia Oyj and Ericsson AB to submit bids for the network, estimated to be worth 20 billion yuan, based on a homegrown standard, Chen Haofei, industry group TD-SCDMA Forum's secretary general, said in a phone interview.

   Beijing-based China Mobile will spend four billion yuan on subsidies for third-generation, or 3G, handsets, he said.

   The orders provide some guidance on the issuance of 3G licenses in China, whose government has yet to say when it will award the permits, according to Bloomberg News.

   The winner will build the network based on the locally developed time division synchronous code division multiple access, or TD-SCDMA, standard that needs to be completed by October for a commercial trial of the technology, Chen said.

   "Given that the license will only be awarded after the trials, it looks like the issuance may be pushed to early 2008," said Francis Cheung, an analyst at CLSA Ltd in Hong Kong. "The government likely wants to ensure success of a homegrown technology, and this would require the support of a strong operator like China Mobile."

   Shares of China Mobile rose 3.4 percent to close at 72.15 HK dollars in Hong Kong.

   The network will cover eight cities in China, including Beijing and Shanghai, TD-SCDMA's Chen said. Li Jun, a spokesman for China Mobile, and Rainie Lei, a spokeswoman at Hong Kong-listed unit China Mobile Ltd, declined to comment.

   In January last year, the government selected TD-SCDMA as a 3G standard and said it is considering the other two technologies, the European-developed Wideband CDMA and and the US-developed CDMA-2000.

   The TD-SCDMA Forum was formed in December 2000 by eight companies to promote and develop the use of the technology. They are China Mobile, China United Telecommunications Corp, China Telecommunications Corp, Datang Telecom Technology Co, Huawei Technologies Co, Motorola Inc, Nortel Networks Corp and Siemens AG.  

941 CHINA MOBILE 72.9 0.75 1.04 1,165,161 15,948

US "BUY rating ..100HK$....."

Zhalen "kommen diese Woche".....

viel Glück  

China Mobile's Profit Probably Climbed on Record Gain in Users

By Janet Ong

March 21 (Bloomberg) -- China Mobile Ltd., the world's largest wireless phone company by market value, may report an increase in fourth-quarter profit after attracting more than 14 million subscribers in the final three months of 2006.

Net income probably rose 23 percent to 20.5 billion yuan ($2.6 billion) from 16.7 billion yuan a year earlier, according to the median estimate of nine analysts surveyed by Bloomberg News. Beijing-based China Mobile is scheduled to report earnings today after the 4 p.m. market close in Hong Kong.

Chief Executive Officer Wang Jianzhou plans to convert some of the 53 million customers signed up last year to the nation's first high-speed mobile-phone service, which will offer video and music downloads at faster speeds than now. China Mobile is building a $3.1 billion so-called third-generation network, scheduled to start trials in October.

``The numbers speak for themselves,'' said Christopher Wong, who helps manage $25 billion, including China Mobile shares, at Aberdeen Asset Management in Singapore. ``Mobile penetration in China is still relatively low and therein lies the potential.''

China is the world's biggest mobile-phone market by users, with 461.1 million at the end of December. China Mobile, which controls about 65 percent of the market, added a record number of customers in each of the three months to December.

The company cut rates and offered lower monthly price plans in cities including Beijing and Guangzhou to counter Little Smart, a cheaper citywide cordless service from fixed-line operators China Telecom Corp. and China Network Communications Group Corp.

Full-year profit may have gained 24 percent to 66.2 billion yuan from 53.6 billion yuan a year earlier, according to the analyst survey.

Rival Standards

China Mobile, which lags behind Newbury, England-based Vodafone Group Plc and Japan's NTT Docomo Inc. in sales, may say full-year revenue rose 55 percent to 243 billion from 156.7 billion yuan a year earlier, the survey showed.

The company offers services using the global system for mobile communications, or GSM, the most common wireless technology.

It had 301.2 million at the end of December, more than Vodafone's 198.6 million and Docomo's 95.3 million combined.

Rival China Unicom Ltd., which offers services using both the GSM and code division multiple access, or CDMA, standards, had 142.4 million users at the end of December.

Smaller Phone Bills

China Mobile's monthly average revenue per customer probably fell 2 percent from a year earlier to 85 yuan ($11) because most new users were from rural areas, where the company has lower call rates, said Allan Ng, an analyst at BOC International (China) Ltd. in Hong Kong.

That's less than the 6,670 yen ($56.90) at DoCoMo in the quarter ended Dec. 31. China Mobile's lower revenue per user reflects its higher proportion of prepaid clients, who typically spend less. More than three-quarters, or 236 million, of subscriptions were prepaid users as of Dec. 31.

Higher use of services such as text messages and ring-tone downloads helped offset the decline in average revenue, said Ng, who rates China Mobile ``underperform.'' Sales from these services may have accounted for 28 percent of China Mobile's revenue, up from 25 percent in 2005, he said.

China Mobile also benefited from easing competition as China Telecom and China Network slowed promotions of Little Smart while waiting for the government to issue licenses for third-generation, or 3G, networks.

High-Speed Networks

The government, which said it plans to offer 3G services for the 2008 Beijing Olympics, hasn't set a timetable for granting licenses. China in January 2006 adopted the locally developed time division synchronous code division multiple access as one of its standards for 3G.

China Mobile Communications Corp., parent of China Mobile Ltd., invited bids for contracts worth as much as 24 billion yuan to build the nation's first high-speed network, Chen Haofei, secretary general of industry group TD-SCDMA Forum, said March 19. The network, based on TD-SCDMA, needs to be completed by October for a commercial trial of the technology, Chen said.

China Mobile may face stiffer competition as fixed-line operators might also be awarded 3G licenses, analysts said. China Telecom and China Netcom may take over the network assets from wireless operator China Unicom as part of an industry revamp, they said.

The nation's Assets Supervision and Administration Commission said on March 6 that reorganization of the telecommunications industry is a priority this year.

``Industry restructuring is a bigger risk than 3G licensing as it will create instant competition for China Mobile,'' Tim Storey, an analyst at JPMorgan Securities Ltd. with an ``overweight'' rating on the stock, wrote in a March 9 report.  

 

Greetings
Dividenden Vorschlag siehe follow on art:

China Mobile recommended a special final divided of 6.6 Hong Kong cents a shares and a final dividend of 76.3 Hong Kong cents a share. The full-year dividend was HKS1.54 a share, up from HK$1.02 a year earlie


Related Quotes
    Symbol§ Last Chg
       CHU     Trade     12.62     -0.07          §
       CHL     Trade     46.10 -0.98
§
By Sophie Taylor and Vinicy Chan

SHANGHAI/HONG KONG, March 21 (Reuters) - China Mobile Ltd. 0941.HK, the world's largest wireless carrier, beat forecasts with a near-20 percent rise in quarterly net profit on Wednesday on the back of strong subscriber growth, but analysts warn that margins may shrink as competition intensifies.

The rise also marked a sharp slowdown from the state-run giant's 30 percent net profit growth of a year earlier, partly because the company -- like its sole domestic foe China Unicom Ltd. 0762.HK (CHU) -- is now driving into lower-paying rural markets to sustain growth.

Mobile subscriber uptake in China, the world's largest telecommunications market, is slowing as big-city markets get saturated. China Mobile and Unicom are slugging it out to sign up less-affluent customers in smaller cities and the hinterlands.

"The company is still growing pretty fast but it's coming under increasing competitive pressure," Andrew Hall, an analyst at Research-Works, said.

"Both China Mobile and Unicom are putting a lot more money in marketing, and as a result, we could see some pressure on margins over the year."

To drive expansion, a listing on China's domestic A-share markets -- an increasingly hot capital-raising option for Hong Kong-listed firms -- would be a practical move, executives told reporters on Wednesday without elaborating.

"We have raised a proposal to regulators: to list domestically by selling part of the existing shares owned by our parent company," Chairman and Chief Executive Wang Jianzhou told reporters. "But it needs the approval of the regulators."

China Mobile (CHL) -- which controls two-thirds of the country's mobile market -- posted a net profit of 19.9 billion yuan ($2.6 billion) for the three months ended Dec. 31, according to Reuters calculations, versus 16.6 billion yuan a year earlier.

The result soundly beat an average forecast of 18.8 billion yuan in a poll of 23 analysts by Reuters Estimates.

WAITING ON 3G

But the main factor influencing China Mobile's performance in the longer term would be if and when China's homegrown third-generation technology takes off.

Investors hope the arrival of 3G -- apart from offering a spending boon up for the likes of Nokia NOK1V.HE and Motorola (MOT) -- would reinvigorate China Mobile's and Unicom's service offerings and grant them fresh revenue streams.

Beijing recently extended pre-commercial testing of its homegrown TD-SCDMA standard -- which will offer faster Internet access and better video streaming, and may open up new sources of revenue for operators -- to 10 cities from the original five.

China Mobile's parent, which is responsible for the pre-commercial testing in eight cities, is discussing technical details with equipment makers and will start purchasing from vendors this month or next, Vice President Li Yue told reporters.

He did not identify any firms or the value of potential contracts, but firms said to be interested included China's own ZTE Corp. 0763.HK, Ericsson ERICb.ST, Nokia NOK1V.HE, Nortel NT.TO and Siemens SIEGn.DE.

The trial may last as late as the end of October.

Shares in China Mobile, which rose 22 percent in the fourth quarter, compared with Unicom's 48 percent gain and a 14 percent rally by the benchmark Hang Seng Index, closed up 1.17 percent on Wednesday.

The stock trades at 18.5 times estimated 2007 earnings, compared with Vodafone's 12.7 and NTT DoCoMo's 18.9, according to Reuters Estimates.

Until 3G, China Mobile will rely on organic growth of a still under-penetrated Chinese wireless arena that is adding more than 5 million users monthly.

China boasted 467 million mobile subscribers and 369 million fixed-line users at the end of January, official data showed.

China Mobile added 4.9 million subscribers in February, bringing its total users to nearly 311 million -- about the population of the United States -- at the end of February. (Additional reporting by Judy Hua) ($1 = 7.74 Yuan)  

941 CHINA MOBILE 73.65 +0.85 +1.17 2,523,621 34,597  

China Mobile's Growing Empire: Fool by Numbers
By Joe Magyer
March 23, 2007

On March 21, China Mobile (NYSE: CHL) released full-year 2006 earnings for the period ended Dec. 31.

   * Sales growth of 21.5% and slight margin expansion led to a 23.4% increase in net income.
   * The balance sheet firmed up with decreases in long-term liabilities, increased cash, and positive trends in accounts receivable and payable.
   * The company's total subscriber base increased 22.1% to a mammoth 301 million users, which is nearly twice that of Telefonica (NYSE: TEF) and five times that of Verizon (NYSE: VZ).
   * China Mobile is a five-star stock, the highest rating possible, in Motley Fool CAPS.

(Figures in millions, except per-share data. Figures based on an exchange rate of 7.77 Chinese yuan to 1 U.S. dollar.)

Income Statement Highlights
                
§
FY 2006
                
§
FY 2005
          

Change

Sales§
          

$38,000.9§
          

$31,269.7§
          

21.5%
§
Net Profit
          

$8,506.3§
          

$6,894.8§
          

23.4%

EPS§
          

$0.42§
          

$0.35§
          

21.9%
§
Earnings per ADR
          

$2.12§
          

$1.74§
          

21.9%

§
Get back to basics with the income statement.

Margin Checkup
                
§
FY 2006
                
§
FY 2005
          

Change*
§
Operating Margin
          

31.2%§
          

30.3%§
          

0.9
§
Net Margin
          

22.4%§
          

22.1%§
          

0.3§
*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets
                
§
FY 2006
                
§
FY 2005
          

Change
§
Cash + ST Invest.
          

$9,156.4§
          

$8,293.6§
          

10.4%
§
Accounts Rec.
          

$920.3§
          

$849.5§
          

8.3%

Inventory§
          

$386.9§
          

$304.3§
          

27.1%


Liabilities§
                
§
FY 2006
                
§
FY 2005
          

Change
§
Accounts Payable
          

$7,364.5§
          

$5,394.9§
          

36.5%
§
Long-Term Debt
          

$4,319.6§
          

$4,701.9§
                
§
(8.1%)  

941 CHINA MOBILE 71.9 0.95 1.34 776,035 10,857

No 1 t/o

BUY  

Das hohe Wachstum an Neukunden hält unvermindert an. Nachdem im Januar knapp 4,9 Mio neue Kunden hinzu kamen, waren es im Februar bereits über 4,9 Mio. Insgesamt verfügt China Mobile jetzt über 311 Mio Kunden. Bis Jahresende könnten es rund 360 Mio sein und damit um 20% oder 60 Mio mehr als 2006. Die Qualität der Kunden nimmt zwar etwas ab, in Bezug auf Gesprächsnutzung und geringer finanzieller Möglichkeiten im ländlichen Raum,
dies muß aber nicht dauerhaft so bleiben und kann durch die Angebote an zusätzlichen Datendienste sicherlich kompensiert werden.  

US Vorbörsl NY 46,3$

China Mobile Scales Everest For Olympics
941.HK, CHL, China Mobile, telecom
Posted by: Kimi Shi on May 07, 2007 | 18:05
Editorial Summary

China Mobile (NYSE: CHL; 941.HK) recently completed an upgrade of its wireless network from Lhasa to Mount Everest to increase coverage in the area before the Beijing Olympics, reports Sohu. The 2008 Beijing Olympics torch relay will pass from Lhasa to the top of Mount Everest. China Mobile added 17 base stations during the network upgrade. China Mobile's coverage from Lhasa to Everest reached 93 percent after the upgrade, compared with 41 percent previously.  

heute in HK:
941 CHINA MOBILE 72.15 0.082 0.11 1,086,488 15,072
:::72.15 ===6,80745 euro
CHL - CHINA MOBILE LIMITED (NYSE)
      Date      Open      High       Low      Last    Change    Volume§% Change
  05/09/07     46.16     46.93     45.90     46.81     +1.01   1401800+2.21%
§
Composite Indicator
  Trend Spotter TM Hold

Short Term Indicators
  7 Day Average Directional Indicator Buy
  10 - 8 Day Moving Average Hilo Channel Buy
  20 Day Moving Average vs Price Buy
  20 - 50 Day MACD Oscillator Buy
  20 Day Bollinger Bands Hold

Short Term Indicators Average:  80% - Buy
20-Day Average Volume - 1478640

Medium Term Indicators
  40 Day Commodity Channel Index Hold
  50 Day Moving Average vs Price Buy
  20 - 100 Day MACD Oscillator Buy
  50 Day Parabolic Time/Price Sell

Medium Term Indicators Average:  25% - Buy
50-Day Average Volume - 1933616

Long Term Indicators
  60 Day Commodity Channel Index Hold
  100 Day Moving Average vs Price Buy
  50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average:  67% - Buy
100-Day Average Volume - 2008888

Overall Average:  56% - Buy

Gestern Schluss in NY + after hours:
Price Support Pivot Point Resistance
46.81 45.52        46.55           47.58

ol:   1.40M     Avg Vol:   1.42M     EPS:   2.13
After Hours: 46.60 -0.21 (-0.45%)  
:::46.6===34,3810 euros  

Hang Seng Index closed up 511 points at 20,979 stimulated by the QDII news. Market turnover reached record high of $95bn. We believe the price gap between A-shares and H-shares will continue to diminish in the next six months along with enormous funds inflow from the mainland. Combined with a good chance of rate cut in US in the fourth quarter of the year, we are quite confident about the outlook of Hong Kong’s stock market and maintain our year-end target of 22,000 for the HSI and 12,000 for the HSCEI. Our top picks in relation to QDII news are China Life Insurance (2628) and China Mobile (941).

 

Greetings
nach dem Zusammenbruch und Überbewertung wurde CHL verkuft ..und verschwand von der ersten Seite, seit Dezember rappelt sich C Mobile geduldig nach oben, entgegen den Entwicklungen vermehrt sich die Zahl der Abonnenten stetig, das Angebot vergrössert sich. Der Faktor 3G, CDMA, bzw contnious hi speed internet ist ehr gross, die erste Lizenz wurde indirekt schon versprochen.
Die Olympischen Spiele kommen, C Mobil steht in den Startlöchern sich im Ausland einzukaufen.
Die Märkte glechen sich an, selbst wenn C Mobile in mainland Chian Anteile abgeben muss, bleibt dennoch ein grosses Gap nach oben offen um Parität herzustellen.
Die Chinesischen Märkte werden auch im Zusammenhang mit der wachsenden Krise in den US als "optimistisch" und mehr und mehr unabhängig betrachtet.
viel Glück

US CHL

Overall Short Intermediate Long
Bullish (0.27) Bullish (0.31) Bullish (0.35) Neutral (0.15)

resist. 51.39 2
resist. 50.77 4
resist. 49.56 2
resist. 48.74 3
resist. 47.95 2
supp 46.58 25
supp 44.84 4
supp 44.17 5
supp 42.65 4
supp 41.41 2
supp 39.50 2







Overall Short Intermediate Long
Bullish (0.27) Bullish (0.31) Bullish (0.35) Neutral (0.15)
 

No3  t/o
941 CHINA MOBILE 73.9 0.65 0.89 809,910 10,991  

Alcatel-Lucent Signs $460 Million with China Mobile and China Unicom
China Mobile, the world's largest mobile operator, awarded a master contract valued at US$340 million to Alcatel-Lucent for mobile communications solutions and services. Under the deal, Alcatel-Lucent will provide China Mobile with GSM/GPRS/EDGE radio and core network equipment, customized solutions and related services that will support China Mobile’s GSM/GPRS/EDGE network expansion programs in 2007. This will enable China Mobile to expand into several new provincial markets in addition to growing its existing base. The contract was signed by Alcatel Shanghai Bell.

Separately, China Unicom awarded a contract valued at US$120 million to Alcatel-Lucent for a range of network projects in 2007. The projects include a CDMA2000 1xEV-DO Rev. A high-speed data network upgrade to be implemented in China Unicom’s network in Macau, as well as a further expansion in the CDMA core network, radio solutions, and applications that will support China Unicom’s broader mobile network expansion. The agreement also provides for GSM/GPRS/EDGE core and radio network solutions and optical network components in support of China Unicom’s GSM service offerings.
http://www.alcatel-lucent.com
16-May-07

   * In November 2006, China Mobile, the world's largest mobile operator, selected Alcatel for a full-scale, nationwide IP network deployment project. Financial terms were not disclosed. The contract was won through Alcatel Shanghai Bell. The project entails the deployment of the Alcatel 7750 Service Router and Alcatel 5620 Service Aware Manager in 13 densely-populated provinces and municipalities of China including: Beijing, Shanghai, Guangdong, Shanxi, Anhui, Gansu, Ningxia, Liaoning, Guizhou, Guangxi, Hunan, Jilin and Hainan.

 

-5,28 mio neue Abon im April und 20,16mio seit Anfang des Jahres !!!!
-Monatsgew der Aktie +3%
-seit Jahresbeginn +6,7%
derzeit noch billig
und
unter QDII ein Ziel der Aufkäufer

viel Gl¨ück  

Buy Red Chips Which Potential A-Shr Issuers -UOB

1144 [Dow Jones] PetroChina (0857.HK), CNOOC (0883.HK), China Mobile (0941.HK), China Telecom (0728.HK), CCB (0939.HK) mixed but changes small though Shenhua (1088.HK) +4.2% at HK$22.50, mostly ignoring HKET report CSRC specifically encouraging these 6 HK-listed heavyweight SOEs to return to A-share market. UOB-KayHian highlights red chips, which also HSI members with net income of more than CNY1 billion, as possible A-shares candidates; they are (in terms of size of earnings): China Mobile, CNOOC, China Unicom (0762.HK), China Netcom (0906.HK), China Merchants (0144.HK), China Resources (0291.HK), COSCO Pacific (1199.HK). "We suggest buying these potential A-share issuers and reap the profit near their debut dates."  

Wenn die ganze Welt von chinesischen Aktien abrät.  

China Mobile, Vodone may start new service in June


CHINA Mobile Ltd., the world's biggest wireless carrier by users, may start selling a video service with Vodone Ltd. as early as this month that lets users download and watch video clips on their handsets,Bloomberg news said.

Vodone aims to introduce the service before the end of June, Chairman Zhang Lijun said in a June 5 interview from Beijing. Vodone, a provider of tele-media services in China, already offers mobile videos with China Unicom Ltd., the smaller of the nation's two wireless carriers, Zhang said.

China Mobile plans to introduce more data services such as video and game downloads to boost spending by its subscribers, which has fallen as the carrier cuts prices and adds more users from rural areas, said Francis Cheung, an analyst at CLSA Ltd. in Hong Kong. Working with China Mobile will help Vodone boost sales in the world's biggest mobile market, home to more handset users than the populations of the U.S. and Japan combined.

``There is a lot of competition in the Web video market in China, so working with China Mobile should be a boost,'' said Stanley Chan, an analyst at 3V Capital Ltd. in Hong Kong. He rates Vodone's Hong Kong-listed shares ``buy.''

Vodone and China Mobile will split sales from the video service, Zhang said, without giving additional financial details. The company's video service with China Unicom charges users 1 yuan (US$ 0.13) to watch a single clip or 15 yuan a month for unlimited downloads, he said.

Rainie Lei, a Hong Kong-based spokeswoman for China Mobile, declined to comment on the new service with Vodone. It already offers mobile videos from China Central Television and Shanghai Media Group, the nation's biggest broadcasters.

`Continue to Grow'  

CHINA MOBILE 0941   11/6/2007
Action Buy
Target Price $80.000
Reason

China Mobile (941, $72.35) 6M Target $80.0 Trading BUY

   * Share price remained flat since the announcement of 2006 final results while HSI gained 4% at the same time.
   * Caller Party Pay (CPP) scheme should decrease tariff per minutes but at the same time could stimulate minutes of usage. In 1Q07, average revenue per minute dropped 16% yoy to RMB0.201 but MOU per month increased 18% yoy to 422.
   * April net adds 5.28mn represented 76% market share, higher than the 68% market share of subscribers. We expect the company’s market share of subscribers to further increase to 70% from 68% by end 2007.
   * Management confirmed that parent company would be responsible for development of TD-SCDMA trial network, removing investors’ concern on the potential huge capex for TD.
   * Consensus EPS growth of 19% yoy, versus China Unicom’s 14% growth.
   * The counter is trading at 18x 2007 PER, lower than China Unicom’s 21  

June 13, 2007 2:46 AM ET

China Mobile Limited 2006 Annual Report on Form 20-F Filed with the SEC
advertisement


HONG KONG, June 13 /Xinhua-PRNewswire-FirstCall/ -- China Mobile Limited (the "Company") (HKEx: 941) CHL announced today that it has filed its Annual Report on Form 20-F for the year ended December 31, 2006 (the "2006 Form 20-F") with the U.S. Securities and Exchange Commission.

The 2006 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 .

Shareholders may also request a hard copy of the Company's complete audited financial statements, free of charge, by contacting the Company at Investor Relations Department, China Mobile Limited, 60/F, The Center, 99 Queen's Road Central, Hong Kong (Email: ir@chinamobilehk.com; Telephone: 852-3121-8888; Fax: 852-2511-9092).

Press enquiries:

China Mobile Limited

Mr. Guan Yimin or Ms. Rainie Lei

Tel: +852-3121-8888

Fax: +852-3121-8809

Copyright 2007 PR Newswire  

...auch nicht schlecht in NY während der öffnungszeit + 1,1%, in der letzten (!!!!)Handelsminute after hour mit einem Vol von 1000 in die 47,7-1,6% gedrückt.

CHINA MOBILE LIMITED (NYSE:CHL) Edit
After Hours: 47.70 Down 0.78 (1.61%) as of Jun 14 on 06/14/07  =35,80e
Last Trade: 48.48  = 36,38e
Trade Time: Jun 14
  Change: Up 0.53 (1.11%)
Prev Close: 47.95
    Open:     48.17
     Bid:       N/A
     Ask: N/A
1y Target Est: 48.62

HK heute mittag: +,0731 = 75,75H$ = 7,27e  

It was reported that China Mobile (941, $75.8) will proceed the listing plan on mainland stock market next month through the sale of RMB80bn old shares by its parent company. We stick to our BUY recommendation and price target of $80. (Kevin Yim)  

2007-6-18   02:21:00 p.m. HKT, XFNA
China Mobile to list on mainland in July, raising up to 80 bln yuan - report



BEIJING (XFN-ASIA) - Red Chip China Mobile Ltd may list on the mainland China stock exchange as early as July, raising up to 80 bln yuan, the China Business Journal reported, citing sources close to the matter.

The Hong Kong-listed company is waiting approval from the China Securities Regulatory Commission (CSRC) for an A-share issue and has appointed Goldman Sachs Gaohua as the underwriter, the source said.

Last week, the the CSRC reportedly sought comment on draft rules allowing Hong Kong red chips to issue A-shares. China Mobile is expected to be among the first batch of qualified companies to issue A-shares.

(1 usd = 7.62 yuan)

zachary.wei@xfn.com xfnzw/xfnjanm
 

DJ China Mobile Could List A Shares As Early As July - Report
2007/06/18 15:15
BEIJING (Dow Jones)--China Mobile Ltd. (CHL) could list shares on the domestic stock market as early as July to raise up to CNY80 billion, the China Business Journal reported Monday, citing an unnamed source. China Mobile, which is listed in Hong Kong and New York, is still waiting for final approval from the China Securities Regulatory Commission for the planned A-share listing, said the report. The report added China Mobile has chosen Goldman Sachs Group Inc.'s (GS) two-year-old venture in China, Goldman Sachs Gao Hua Securities Co., as the underwriter for the offering. China Mobile couldn't be immediately reached for comment. Newspaper Web site: http://www.cb.com.cn -By China Bureau, Dow Jones Newswires; (8610) 6588 5848; djnews.beijing@dowjones.com