IT: Selling moment

(Shanghai Daily)
Updated: 2006-12-07 14:10

An investor in China Mobile Ltd, the world's biggest mobile-phone carrier by users, is seeking HK$1.15 billion (US$148 million) in a share sale, according to bankers familiar with the transaction.

The investor offered 18 million shares at HK$63.80 each, a 1.2 percent discount to the stock's closing price yesterday in Hong Kong, the bankers said, without naming the seller. Morgan Stanley is handling the transaction.


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