The three major operators have returned to A shares from the U.S. delisting

Recently, China Mobile announced that in order to seize the window of opportunity for expanding information services, promote the implementation of the strategy of creating a world-class "power building", promote the transformation of digital intelligence, build a new digital intelligence ecology, and stimulate new momentum for high-quality development. It is proposed to apply for the issuance and listing of A shares.

According to reports, China Mobile intends to publicly issue RMB 965 million shares (before the exercise of the over-allotment option).

China Mobile said in the announcement that through this return to A shares, it will help it create a new type of cooperation mechanism with complementary functions, benign interaction, resource sharing, and financial development, accelerate the in-depth deployment of digital intelligence, and prosper the digital intelligence cooperation ecosystem. , Customers and industries share digital dividends.

Prior to May 7, China Telecom, China Mobile, and China Unicom all issued announcements stating that the New York Stock Exchange in the United States maintained its delisting decision and that the company would delist from the United States.

In fact, China Mobile had been planning A-share listings before. On March 25th, Yang Jie, Chairman of China Mobile, stated at the 2020 annual performance call that China Mobile has noticed that the mainland capital market has introduced a series of new policies in recent years, providing a favorable environment for red-chip companies to return to A, and the company is actively Follow up and study and communicate related policies in a timely manner.

China Mobile's operating income for the first quarter of 2021 was RMB 198.4 billion, an increase of 9.5% over the same period of the previous year; profit attributable to shareholders was RMB 24.1 billion, an increase of 2.3% year-on-year. As of March 31, the company had a total of approximately 940 million mobile customers, of which the total number of 5G package customers reached 189 million.

In terms of other operators, on March 17, China Telecom announced on the Hong Kong Stock Exchange that it intends to apply for an A-share issuance and be listed on the main board of the Shanghai Stock Exchange. The number of A-shares to be publicly issued will not exceed 12.09 billion shares (that is, no more than A-shares. 13% of the total equity after the issuance), and the funds raised will be used for 5G industrial Internet construction projects, cloud-network integration new information infrastructure projects, and scientific and technological innovation research and development projects.

Last month, China Telecom's application for returning to the A-share listing has been formally accepted by the China Securities Regulatory Commission.

China Unicom has already been listed on the A-share market, and is currently the only large-scale operator listed on the A-share market, with a total market value of 134.3 billion.

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