Key Developments: China Telecom Corp Ltd (CHA)
49.91USD
24 May 2013
$-0.51 (-1.01%)
$50.42
$50.00
$50.06
$49.69
37,767
51,079
$63.98
$41.63
Latest Key Developments (Source: Significant Developments)
China Telecom Corp Ltd Proposes Final Dividend
China Telecom Corp Ltd announced that Board proposes a final dividend in the amount equivalent to HKD0.085 per share (pre-tax), totalling approximately RMB5,522 million for the year ended December 31, 2012. The dividend proposal will be submitted for consideration at the Annual General Meeting to be held on May 29, 2013. The proposed 2012 final dividends are expected to be paid on or about July 19, 2013 upon approval at the Annual General Meeting. Full Article
China Telecom Corp Ltd Announces Proposed Change Of Auditors
China Telecom Corp Ltd announced that KPMG and KPMG Huazhen (SGP) will retire as the international auditors and domestic auditors of the Company effective upon the close of the forthcoming 2012 annual general meeting of the Company and will not be re-appointed. The Board of directors of the Company, as proposed by the Audit Committee of the Company, has resolved to appoint Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu Certified Public Accountants LLP as the Company’s international auditors and domestic auditors respectively for the year ending December 31, 2013, subject to the approval by shareholders at the annual general meeting of the Company. Full Article
China Telecom Corp Ltd Proposes Final Dividend
China Telecom Corp Ltd announced that the Board of Directors of the Company proposes a final dividend in the amount equivalent to HKD0.085 per share (pre-tax), totalling approximately RMB5,522 million for the year ended December 31, 2012. The dividend proposal will be submitted for consideration at the Annual General Meeting to be held on May 29, 2013. If such proposed dividend distribution is approved by the shareholders, the final dividend will be distributed to those shareholders whose names appear on the register of members of the Company on June 11, 2013. Full Article
CROPS CORP Announces Business Alliance between Subsidiary and China Telecom Corp Ltd
CROPS CORP announced that its new China-based subsidiary established on March 14, 2012 will form a business alliance with Shanghai Branch of China Telecom Corp Ltd , on September 28, 2012. The two companies will open a China Telecom shop in Shanghai. Full Article
China Telecom Corp Ltd Does Not Declare Interim Dividend
China Telecom Corp Ltd announced that its Board of Directors has resolved not to pay an interim dividend for the year ending December 31, 2012. Full Article
China Telecom Corp Ltd Buys Parent's 3G Assets For $13 Billion-Reuters
Reuters reported that China Telecom Corp Ltd would acquire 3G network infrastructure from its parent for an initial $13.3 billion to cut future costs, sparking a rally in the Company's shares. Full Article
China Telecom Corp Ltd Resolves Not To Pay Interim Dividend
China Telecom Corp Ltd announced that the Board of Directors has resolved not to pay an interim dividend for the year ending December 31, 2012. Full Article
China Telecom Corp Ltd To Buy Parent's 3G Assets For Over $19 Billion-Reuters
Reuters reported that China Telecom Corp Ltd plans to pay more than CNY120 billion ($19 billion) for its parent's 3G assets, a price that tops their book value. China Telecom, which currently leases 3G bandwidth and infrastructure from its state-owned parent China Telecom Corp, is seeking to acquire the assets to cut long-term costs. The carrier is expected to announce plans later this month on the acquisition. Full Article
Fitch Affirms China Telecom at 'A'; Outlook Stable
(The following statement was released by the rating agency) HONG KONG/SYDNEY, March 27 (Fitch) Fitch Ratings has affirmed China Telecom Corporation Limited's (CTCL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'A'. The Outlook is Stable. Key Rating Drivers Strong fixed-line market position: The ratings reflect CTCL's commanding fixed-line subscriber position and scale of operations in China. Fitch expects CTCL to maintain its near-monopoly operator status in southe
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