The three major operators delisted from the US and returned to the A-share market

Recently, China Mobile issued an announcement stating that in order to seize the opportunity window for expanding information services, promote the implementation of the world-class "Power Building" strategy, advance digital transformation, build a new digital ecosystem, and stimulate new momentum for high-quality development, the company plans to apply for A-share listing.

It was disclosed that China Mobile plans to publicly issue no more than 965 million RMB shares (before exercising the over-allotment option).

China Mobile stated in the announcement that through this return to the A-share market, it will help it build a new cooperation mechanism with functional complementarity, benign interaction, resource sharing, and integrated development, accelerate the in-depth layout of digital intelligence, prosper the digital cooperation ecosystem, and share digital dividends with shareholders, customers, and industries.

Earlier on May 7, China Telecom, China Mobile and China Unicom all issued announcements stating that the New York Stock Exchange maintained its delisting decision and the companies would be delisted from the United States.

In fact, China Mobile has been planning to list on the A-share market. On March 25, Yang Jie, chairman of China Mobile, said in a 2020 annual performance conference call that China Mobile has noticed that the mainland capital market has introduced a series of new policies in recent years, which have provided a favorable environment for red-chip companies to return to the A-share market. The company is actively tracking and studying and communicating relevant policies in a timely manner.

China Mobile's operating revenue in the first quarter of 2021 was RMB 198.4 billion, up 9.5% year-on-year; profit attributable to shareholders was RMB 24.1 billion, up 2.3% year-on-year. As of March 31, the company had a total of approximately 940 million mobile customers, of which 189 million were 5G package customers.

As for other operators, on March 17, China Telecom announced on the Hong Kong Stock Exchange that it plans to apply for the issuance of A shares and be listed on the main board of the Shanghai Stock Exchange . The number of A shares to be publicly issued will not exceed 12.093 billion shares (that is, no more than 13% of the total share capital after the issuance of A shares). The funds raised will be used for 5G industrial Internet construction projects, cloud-network integrated new information infrastructure projects and scientific and technological innovation research and development projects.

Last month, China Telecom's application to return to the A-share market was officially accepted by the China Securities Regulatory Commission.

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

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