Wang Xiaochu, chairman and CEO of China Unicom, at the company’s interim results briefing on Wednesday. Photo: K. Y. Cheng

China Unicom secures cash injection, but missteps mar ownership reform roll out

US$11.6 billion in cash raised to cut debt and financing costs, as well as fund major infrastructure projects

Topic |   China Unicom

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Wang Xiaochu, chairman and CEO of China Unicom, at the company’s interim results briefing on Wednesday. Photo: K. Y. Cheng
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Bien Perez

Bien Perez

Bien has worked at the Post since 2000. He has served as Post Magazine's technology editor and Technology Post's deputy editor. He was a guest host on Tech Specs in TVB’s Money Magazine show. He won runner-up, Best News Writing, at the 2008 Hong Kong News Awards.

Xie Yu

Xie Yu

Xie Yu joined the Post in 2015. She is the chief China finance reporter, covering the economy and development of financial markets.