Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Mobile ( (HK:0941) ) has issued an update.
China Mobile Limited announced that Guangdong Mobile, a subsidiary, has converted SPD Bank A-Shares Convertible Bonds into approximately 29,256 SPD Bank A-Shares. This transaction, considered a discloseable transaction under Hong Kong Listing Rules, allows Guangdong Mobile to acquire shares at a market-comparable price, enhancing SPD Bank’s capital strength and enabling China Mobile to benefit from SPD Bank’s operational results. The conversion is part of a series of transactions within the last 12 months, reflecting China Mobile’s strategic investment in SPD Bank.
The most recent analyst rating on (HK:0941) stock is a Buy with a HK$110.00 price target. To see the full list of analyst forecasts on China Mobile stock, see the HK:0941 Stock Forecast page.
More about China Mobile
China Mobile Limited is a leading telecommunications company incorporated in Hong Kong, providing a wide range of mobile services and solutions. It operates primarily in the telecommunications industry, focusing on mobile voice and data services, and has a significant presence in the Chinese market.
Average Trading Volume: 18,313,743
Current Market Cap: HK$1870.6B
For an in-depth examination of 0941 stock, go to TipRanks’ Overview page.