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China Mobile ( (HK:0941) ) has provided an update.
China Mobile Limited has announced that its subsidiary, Guangdong Mobile, has converted SPD Bank A-Shares Convertible Bonds into 450,156,195 SPD Bank A-Shares, worth approximately RMB5.63 billion. This transaction increases China Mobile’s stake in SPD Bank from 17.00% to 18.18% and is considered a discloseable transaction under Hong Kong Listing Rules. The conversion is expected to benefit both parties, allowing Guangdong Mobile to acquire shares at market price while helping SPD Bank strengthen its capital base. The converted shares are subject to a five-year holding period.
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 leading information and communications services provider in mainland China, offering services across all 31 provinces, autonomous regions, and directly-administered municipalities, as well as in Hong Kong. The company operates as an investment holding entity, with Guangdong Mobile, its wholly-owned subsidiary, focusing on telecommunications operations.
Average Trading Volume: 17,670,336
Current Market Cap: HK$1858B
For detailed information about 0941 stock, go to TipRanks’ Stock Analysis page.