(Original title: Chairman of China Mobile: is paying close attention to CDR and does not rule out the return of subsidiary to A shares)
澎湃News reporter Bao Yuyu
“Before this, we will consider the interests of all parties, especially the interests of existing shareholders, as well as the long-term development of the company.” He added, “We do not rule out the possibility that our subsidiaries will return to the A-share market for IPO. ."
According to the trial plan previously announced by the regulatory authorities, overseas listed Chinese companies that are eligible to issue CDRs have a market value of at least 200 billion yuan. For enterprises in the innovative industry, the valuation is RMB 20 billion, and at least RMB 3 billion in revenue in the past year can also satisfy the conditions.
According to Bloomberg News, Shang Bing also said at the meeting that China Mobile will benefit from the listing of China's iron towers.
On the evening of May 14, China Tower Co., Ltd. (hereinafter referred to as “China Tower”) submitted a prospectus to the Hong Kong Stock Exchange and formally applied for listing. It is expected to become the second largest company listed in Hong Kong this year after Xiaomi.
The prospectus shows that China Mobile holds 38% of shares in China Tower, China Unicom holds 28.1%, China Telecom holds 27.9%, and China National New holds 6.0%. At the same time, most of China Tower’s operating revenue also comes from three major telecommunications operators. In 2017, the three major operators contributed 99.8% of the total revenue.
The South China Morning Post reported that Shang Bing stated that China Mobile will try to control the rental cost of China's iron tower this year and keep it below 40 billion yuan, a slight increase from last year's 36.9 billion yuan.
He also added that China Tower will build 80,000 new towers in 2018, of which 30,000 will be dedicated to China Mobile.