China Unicom says its immediate parent, China United Network Communications Group has agreed to buy up to 6.65 billion new China Unicom shares at HK$13.24 each. The purchase will be funded by capital raised from China United’s stake sale to 14 big companies which was announced last week. Photo: Reuters

China Unicom gets funding and stake boost from parent in ‘mixed ownership reform’

China Unicom will sell 6.65 billion new shares at HK$13.24 each to its parent, at a 9.97 per cent premium to Tuesday’s closing price

Topic |   China Unicom

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China Unicom says its immediate parent, China United Network Communications Group has agreed to buy up to 6.65 billion new China Unicom shares at HK$13.24 each. The purchase will be funded by capital raised from China United’s stake sale to 14 big companies which was announced last week. Photo: Reuters
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