On January 3, China Mobile announced today that the company’s shares will be listed on the Shanghai Stock Exchange on January 5, 2022.
In the early morning of December 21, China Mobile disclosed the issue price of this IPO-57.58 yuan per share. According to the prospectus, the total amount of funds raised was nearly 56 billion yuan, exceeding China Telecom’s 47.904 billion yuan of financing scale, becoming a since June 2010 The largest A-share financing scale after the IPO of Agricultural Bank of China.
At the same time, China Mobile disclosed the use of raised funds. It will focus on “new infrastructure, new elements, and new kinetic energy” to promote CHBN omnidirectional efforts, promote digital intelligence transformation, and build a new digital intelligence ecosystem for 5G boutique network construction, cloud There are 5 projects including new resource infrastructure construction, gigabit smart home construction, smart middle-station construction, new generation information technology research and development, and digital intelligence ecological construction. The total investment of the project is 156.9 billion yuan, and the amount of funds raised is 56 billion yuan. , And according to the previous prospectus application draft, 28 billion yuan of raised funds will be used for 5G boutique network construction.
According to the financial data of China Mobile’s prospectus, as of June 2021, its book capital (bank deposits and accrued interest) is as high as 367 billion yuan, and various investment and transaction financial assets such as wealth management, funds, bonds, and equity instruments are 139.7 billion yuan. In addition, there is a long-term equity investment of 160 billion yuan; at the same time, at the income level, the main business income in the first half of 2021 will reach 393.212 billion yuan, and the annual operating income in 2021 is expected to be 844.877 billion yuan to 852.558 billion yuan.
According to the prospectus, in order to protect the rights and interests of small and medium shareholders, China Mobile formulated the “Plan for Stabilizing the Company’s A Share Stock Price within Three Years of the Initial Public Offering of RMB Ordinary Shares (A Shares) by China Mobile.” According to the plan, the issuer is in A Within three years from the date of listing of the shares, if it is not due to force majeure, the closing price of A shares has been lower than the audited net assets per share of the most recent year for 20 consecutive trading days, and the issuer will initiate measures to stabilize the stock price. Specific measures will include the issuer’s controlling shareholder or actual controller’s increase in holdings, A-share repurchase, and when the controlling shareholder or actual controller’s increase in holdings cannot be performed, the issuer’s directors and senior managers may increase their holdings.
So far, after China Telecom returns to A, the three major operators will all land A shares.