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RTNominal down2.920 -0.020 (-0.680%)

21/09/2021 17:12

China Telecom (00728) shareholder to increase shareholding

[ET Net News Agency, 21 September 2021] China Telecom Corporation Limited (00728) said
China Telecommunications Corporation (the China Telecom Corp.), the controlling
shareholder of the company, has proposed to increase its shareholding in the company by an
amount of not less than RMB 4 billion, as and when appropriate, during the twelve-month
period from 22 September 2021. There is no price range for the shareholding increase.
In view of the fair judgement on the company's share price, China Telecom Corp. will
gradually implement the plan on shareholding increase taking into account of the
fluctuations in the company's share price and the overall trend of the capital market.

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