SHANGHAI, Aug 9 — China Telecom could raise more than US$8 billion in a Shanghai initial public offering that would be the biggest this year, months after it was delisted in the United States amid Washington’s stand-off with Beijing.
However, if an over-allotment option was exercised that would jump to 54 billion yuan , Bloomberg News said. The order banned investments by Americans into a range of companies deemed to be supplying or supporting China’s military and security apparatus. Many of China’s biggest tech and telecom firms listed their shares on the more developed US stock markets in the 2000s as they sought access to funding, but the tide has been turning.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China exports robust in July as port activity rebounds | Malay MailBEIJING, Aug 7 — China’s exports remained robust in July despite losing some steam, customs data showed today, with analysts noting a rebound in port activity but warning that the recent spread of the Delta variant could act as a drag on growth. Outbound shipments from the world’s...
Source: malaymail - 🏆 1. / 86 Read more »
Part of our world: Mermaids mingle at US convention | Malay MailMANASSAS, Aug 9 — Tresses swirled and fins shimmered as thousands of people donned tails to dive into a weekend of all things mermaid at the MerMagic convention in Virginia. Held at an aquatic centre in Manassas, in the eastern United States, the convention is billed as the world’s largest... I wonder if they can swim with their masks on? 😅
Source: malaymail - 🏆 1. / 86 Read more »
Countries eye electric car future | Malay MailPARIS, Aug 9 — The United States has joined a raft of other nations that have set timelines to phase out fossil fuel cars in favour of an electric future as the world seeks to curb the effects of climate change. Here are some of the plans: 2025 for forerunner Norway Norway wants all new cars to...
Source: malaymail - 🏆 1. / 86 Read more »
US Senate meets on Saturday to consider US$1t infrastructure bill | Malay MailWASHINGTON, Aug 7 — The US Senate will meet for the second weekend in a row today in hopes of passing a US$1 trillion (RM4.21 trillion) infrastructure bill that has struggled to overcome a series of last-minute delays and objections, despite strong bipartisan support. The package, which...
Source: malaymail - 🏆 1. / 86 Read more »
Philippines reports biggest jump in Covid-19 death toll in four months | Malay MailMANILA, Aug 8 —The Philippines’ health ministry recorded today 9,671 new coronavirus cases and 287 additional deaths, the biggest single-day spike in the country’s death toll since April 9. In a bulletin, the ministry said total confirmed infections in the Southeast Asian country had risen to...
Source: malaymail - 🏆 1. / 86 Read more »