China Mobile completed a $7.7 billion initial public offering on the Main Board of the Shanghai Stock Exchange. The offering could increase to $8.8 billion if the over-allotment option is exercised in full.
China Mobile is the first Hong Kong-incorporated, Hong Kong-listed company to have its shares listed on a stock exchange in mainland China. As the first of its kind, it faced various challenges arising from regulatory regimes in both mainland China and Hong Kong. S&C assisted China Mobile in successfully overcoming the challenges on the Hong Kong legal aspects.
China Mobile is a leading provider of mobile telecommunications services in the People’s Republic of China and has the world’s largest network and customer base.
S&C has acted for China Mobile continuously for 25 years. The S&C team advising China Mobile on Hong Kong and U.S. law matters related to the IPO included Kay Ian Ng, Ching-Yang Lin, Tracy Li, Dickson Wong and Brian Hu.
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