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China Telecom Corp Ltd establishes China Communications

Friday, 11 Jul 2014 05:32am EDT 

China Telecom Corp Ltd:China Unicom Hong Kong Ltd says through a subsidiary - China United Network Communications Corp Ltd entered into a promoters’ agreement with the subsidiary of China Mobile Ltd and China Telecom Corp Ltd to establish China Communications Facilities Services Corp Ltd.Pursuant to the promoters’ agreement, the company will subscribe for 3.01 billion shares at a par value of 1.00 Yuan per share in the registered capital of China Communications in cash.It represents 30.1 pct of the registered capital of China Communications. 

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