English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 15:57, October 28, 2005
China Mobile to buy China Resources Peoples
font size    

News from China Mobile Communications Corporation says China Mobile (Hong Kong) announced recently in Hong Kong to make voluntary conditional cash offer of HK$4.55 per share to acquire all of the issued and outstanding shares of China Resources Peoples Telephone Company Limited (Peoples). The offer values the entire issued share capital of Peoples at approximately HK$3,384 million.

Thus, China Mobile's overseas acquisition plan that has caught the attention of the industry has entered a substantial stage. The move is also the first by a mainland mobile operator to acquire an overseas company.

Peoples is one of the major mobile communications service providers in Hong Kong, and by June 30 it has had 1.21 million subscribers.

By People's Daily Online

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- China's auto trade deficit reduced by large margin

- Mobile carrier to buy out CR Peoples

- Mobile communication system to guarantee safety of fishery production

- China's 3G not to follow international standards: expert

- China enhances intellectual property protection to boost technological innovation

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved