{"id":285049,"date":"2021-08-20T09:10:22","date_gmt":"2021-08-20T09:10:22","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=326033"},"modified":"2021-08-20T09:10:22","modified_gmt":"2021-08-20T09:10:22","slug":"china-unicom-mulls-tech-subsidiary-listing","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/08\/20\/china-unicom-mulls-tech-subsidiary-listing\/","title":{"rendered":"China Unicom mulls tech subsidiary listing"},"content":{"rendered":"

<\/p>\n

\tChina Unicom revealed plans to consider spinning off and listing its smart internet technology unit on a mainland stock market as it looks to capitalise on gains in H1, becoming the latest operator in the nation to discuss a move on a domestic exchange.<\/p>\n

In a statement, China Unicom remarked the spin-off of its Smart Connection Technology unit requires approval from the board and shareholders, noting the timing and size of the IPO need to be worked out.<\/p>\n

The operator holds about a 69 per cent interest in the subsidiary, which develops technology for connected vehicles with a focus on cloud platforms, big data analysis, and operation and maintenance management tools.<\/p>\n

China Unicom’s net profit grew [1] 21.1 per cent year-on-year to CNY9.2 billion ($1.4 billion) in H1, on operating revenue of CNY164.2 billion, up 9.2 per cent.<\/p>\n

Rival China Mobile yesterday (19 August) disclosed plans [2] to raise about CNY56 billion in a share sale in Shanghai, while China Telecom previously unveiled a plan [3] for a multi-billion dollar listing on the same exchange.<\/p>\n

All three state-owned operators were delisted [4] from the New York Stock Exchange in May due to US national security concerns.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/china-unicom-makes-5g-gains
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/china-mobile-moves-on-plan-for-8-6b-shanghai-listing
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/china-telecom-progresses-bumper-shanghai-listing
\n[4] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/china-operators-lose-nyse-delisting-appeal<\/p>\n\n

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China Unicom revealed plans to consider spinning off and listing its smart internet technology unit …<\/p>\n

The post China Unicom mulls tech subsidiary listing<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"China Unicom mulls tech subsidiary listing - ITTeacherITFreelance.hk","description":"China Unicom revealed plans to consider spinning off and listing its smart internet technology unit ... The post China Unicom mulls tech subsidiary listing appe"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/285049"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=285049"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/285049\/revisions"}],"predecessor-version":[{"id":285050,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/285049\/revisions\/285050"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=285049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=285049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=285049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}