A series of measures effective today is supposed to ensure the listing of China Telecom (Hong Kong) is not a repeat of the chaos caused during the listing of Beijing Enterprises Holdings in May.
Two million application forms for China Telecom (Hong Kong) shares will be available for its Hong Kong public offering today.
Goldman Sachs executive director of global operations Paul Chapman said the forms would be available to potential shareholders from exchange members, the offices of China Telecom's global co-ordinators - Goldman Sachs and China International Capital Corp - and any of its underwriters.
They will also be available at 39 branches of its four receiving banks - Bank of China, Bank of Communications, Hongkong Bank and Standard Chartered Bank. Mr Chapman said more forms were being printed and there should be sufficient to meet demand during the subscription period, which ends at noon on October 16.
Hong Kong's securities regulators are worried the China Telecom (Hong Kong) public offer may lead to a repeat of the embarrassing scenes during the flotation of Beijing Enterprises Holdings in May.
The company's flotation led to a buying frenzy from investors who queued for hours to get application forms and eventually froze $238.8 billion in the interbank market after receiving a record 1,276 times subscription, sending up interbank lending rates.
