亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Netcom Applies for Offerings in HK, US

China Network Communications Group Corp (China Netcom) has filed its listing application documents for a US$1.5 billion initial public offering (IPO) in Hong Kong and New York, a reliable source said Tuesday.

The company, the nation's second-largest fixed-line phone operator, filed the application with the US Securities and Exchange Commission (SEC) and the Hong Kong Stock Exchange last week, said the source.

China Netcom is likely to start selling its shares in mid-September at the earliest, as it usually takes two months to win regulatory approval, analysts believe.

"Our developing strategies are proceeding as planned, but as far as the IPO is concerned, we have nothing to declare right at the moment as we should abide by related rules and regulations in the capital market," said Zhang Ying, general manager of China Netcom's Planning and Strategy Department.

However, he did not deny that the documents were filed last week.

According to the source, China Netcom plans to list its networks in six northern provinces and cities including Beijing, Tianjin, Shandong, Hebei, Henan and Liaoning, and its operations in Shanghai and Guangdong.

It will also include its nationwide broadband business and the overseas network it bought last year from Asia Global Crossing.

China Netcom is planing to float 25 percent of its enlarged share capital. Some private investors in its predecessor firm, including Goldman Sachs and Rupert Murdoch's News Corp, will see their holdings converted into shares in the listed firm, said the source.

Citigroup, Goldman Sachs and China International Capital Corp are underwriting the deal.

China Netcom has also won Chinese regulatory approval to list as a "red-chip," giving it greater financing flexibility.

Zeng Jianqiu, a professor with Beijing University of Post and Telecommunications, believed that listing will be an inevitable and effective means for China Netcom to seek further expansion.

"The timing is feasible for China Netcom to get listed given the sound national economy and recovery of the world telecom market," he said.

He stressed that the most urgent matter for China Netcom is to conduct a thorough study of the market and work out proper strategies before, during and after the listing.

"These are of paramount importance for China Netcom to maintain its competitiveness and remain attractive to investors," he said.

Dai Chunrong, an analyst with China Securities, agreed that is vital for the firm to work out an attractive listing plan and market its selling points to potential investors.

"That will enhance investors' recognition and build up their confidence for its business performance," she added.

Zeng also pointed out that China Netcom has a number of selling points, such as its "Little Smart" wireless phone services and broadband service.

China Netcom's listing also provides a new investment opportunity for investors in China's telecom industry, he said.

As the second largest fixed-line telecom operator in the Chinese market, China Netcom is now the only one among the four major telecom operators not to be listed.

The company has total assets of 240 billion yuan (US$28.9 billion) with a 58 percent debt-asset ratio.

(China Daily July 28, 2004)

China Netcom Applies for Share Listing
China Netcom Eyes Sept for $1.5 Bln IPO
Netcom May Set up New Firm
Fixed Line Operator Prepares for IPO
China Netcom Sells Bonds to Upgrade System
Telecom Companies Connect in Merger
Merger to Consolidate China Netcom
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码