On the evening of October 29, the China Securities Regulatory Commission issued an announcement stating,China Mobile will debut on November 4th.Previously, on August 18, China Mobile announced its A-share IPO prospectus and plans to list on the Shanghai Stock Exchange. The number of A-shares planned to be publicly issued will not exceed 965 million shares, that is, not more than 4.50% of the total issued shares of the company after the issuance. (Before exercising the over-allotment option),It is planned to raise 56 billion yuan.
This will exceed China Telecom’s 54.2 billion yuan and become the highest amount of A-share IPO funds raised in the past 10 years.
The raised funds will be used for 5G boutique network construction projects, cloud resource new infrastructure construction projects, gigabit smart home construction projects, smart middle-station construction projects, new generation information technology research and development, digital intelligence ecological construction projects, with a total investment of 156.9 billion Yuan.
The prospectus also shows thatChina Mobile’s total investment in 5G network will reach 98.3 billion yuan, of which 28 billion yuan will be raised, accounting for half of the total.
In the first three quarters of this year, China Mobile’s operating income was 648.6 billion yuan, a year-on-year increase of 12.9%, of which communications service revenue was 572.9 billion yuan, a year-on-year increase of 9.0%, and the profit attributable to shareholders was 87.2 billion yuan, a year-on-year increase of 6.9%.
As of today’s close, China Mobile’s Hong Kong stocks have fallen 1.23% to close at 48.25 Hong Kong dollars.
Prior to this, China Telecom and China Unicom have been listed on the main board of the Shanghai Stock Exchange, and the three major operators will gather in A shares.