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China Mobile ( (HK:0941) ) just unveiled an update.
China Mobile Limited announced that Guangdong Mobile, a subsidiary, has converted SPD Bank A-Shares Convertible Bonds into approximately 118,611,350 SPD Bank A-Shares. This transaction, valued at RMB1,483,828,000, increases China Mobile’s stake in SPD Bank from 17.88% to 18.18%. The conversion is part of a strategy to acquire shares at market-comparable prices, enhancing SPD Bank’s capital strength and allowing China Mobile to benefit from the bank’s performance. The transaction is classified as a discloseable transaction under Hong Kong Listing Rules, requiring notification and announcement.
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 major telecommunications company incorporated in Hong Kong, primarily engaged in providing mobile voice and multimedia services through its nationwide mobile telecommunications network. The company is a significant player in the telecommunications industry, focusing on expanding its market presence and enhancing its service offerings.
Average Trading Volume: 18,436,870
Current Market Cap: HK$1850.2B
For detailed information about 0941 stock, go to TipRanks’ Stock Analysis page.