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The latest announcement is out from China Mobile ( (HK:0941) ).
China Mobile Limited announced that Guangdong Mobile, a subsidiary, has converted SPD Bank A-Shares Convertible Bonds into approximately 149.8 million SPD Bank A-Shares, increasing its stake in SPD Bank to about 18.15%. This conversion is part of a strategy to acquire shares at market-comparable prices, strengthen SPD Bank’s capital, and enhance the group’s ability to benefit from SPD Bank’s performance. The transaction is classified as a discloseable transaction under Hong Kong Listing Rules, requiring notification and announcement due to its size.
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, incorporated in Hong Kong, operates in the telecommunications industry, providing mobile voice and multimedia services through its subsidiaries. The company focuses on expanding its market presence and enhancing its service offerings in the telecommunications sector.
Average Trading Volume: 18,046,023
Current Market Cap: HK$1877.6B
See more insights into 0941 stock on TipRanks’ Stock Analysis page.