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China Unicom Hong Kong Ltd (CHU)

CHU on New York Consolidated

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19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

China Unicom Hong Kong announces operational statistics for August
Tuesday, 19 Sep 2017 05:03am EDT 

Sept 19 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:For Aug, aggregate number of mobile billing subscribers 273.043 million.For Aug, net addition of mobile billing subscribers 2.326 million.Aug aggregate number of 4G subscribers 152.721 million.For august, ‍aggregate number of fixed-line broadband subscribers 76.989 million​.For Aug net addition of 4G subscribers 7.492 million.  Full Article

China Unicom Hong Kong updates on mixed ownership reform plan
Friday, 15 Sep 2017 07:35am EDT 

Sept 15 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Update on mixed ownership reform plan.State-owned Assets Supervision & Administration Commission of State Council of PRC issued its approval letter on 13 Sept.Authorities approved transfer of 1.90 billion shares held by Unicom in Unicom A Share Co to China Structural Reform Fund Corp.PRC authorities alo approved in principle non-public issuance of not more than 9.04 billion shares by Unicom A Share Co.Non-Public issuance of shares by Unicom A Share Company is still subject to approval.  Full Article

KPN announces partnership agreement with China Unicom
Tuesday, 29 Aug 2017 05:19am EDT 

Aug 29 (Reuters) - KPN ::ANNOUNCES PARTNERSHIP AGREEMENT WITH CHINA UNICOM <<<0762.HK>>>.  Full Article

China Unicom Hong Kong enters share subscription agreement with controlling shareholder Unicom Bvi
Tuesday, 22 Aug 2017 10:24am EDT 

Aug 22 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Company and Unicom Bvi, a controlling shareholder of company, entered into share subscription agreement.Unicom Bvi agreed to subscribe for maximum of 6.65 billion subscription shares at price of hk$13.24 per subscription share.Maximum subscription shares represent about 27.77% of total issued shares of co as at date of announcement.Maximum net proceeds of proposed subscription will be about HK$88,056.81 million.Intends to use proceeds from subscription of about HK$46,777.96 million for upgrading 4g network capabilities of co.  Full Article

China Unicom Hong Kong says HY profit attributable to equity shareholders of co RMB 2.42 bln
Wednesday, 16 Aug 2017 04:39am EDT 

Aug 16 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>::Company's service revenue for HY reached RMB124.11 billion, up by 3.2 pct year-on-year.HY revenue RMB138.16 billion versus RMB 140.26 billion.HY profit attributable to equity shareholders of company increased by 68.9 pct year-on-year to RMB2.42 billion.Expects that its financial performance will face increasing pressure in second half of year.Market competition is expected to intensify cyclically in second half of year.Company will cease to charge mobile domestic long-distance and roaming fees from 1 September 2017.Believes it has ability to raise funds from short, medium and long-term perspectives and maintain reasonable financing costs.Has sufficient funds to meet its working capital requirements and debt obligations.A share company, intermediate holding company, is currently contemplating a mixed- ownership reform plan.A share company expects to raise funds by way of a combination of non-public offering to certain investors and other methods."Net proceeds raised by A share company from issuance referred to above is expected to be injected into our group".Has not entered into any agreement in connection with any proposed subscription of shares of company by a share company.  Full Article

China Unicom Hong Kong posts operational statistics for July
Wednesday, 16 Aug 2017 04:38am EDT 

Aug 16 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:July aggregate number of mobile billing subscribers 270.717 million.July net addition of mobile billing subscribers 1.269 million.July aggregate number of 4G subscribers 145.229 million.July aggregate number of fixed-line broadband subscribers 76.979 million.July net addition of fixed-line broadband subscribers 0.058 million.July aggregate number of local access subscribers 62.972 million.  Full Article

China Unicom Hong Kong expects HY profit attributable to rise by about 68.9%
Friday, 11 Aug 2017 07:39am EDT 

Aug 11 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Updates on HY guidance.Profit attributable to equity shareholders of company for 1H2017 is expected to be about RMB 2.4 billion, up by about 68.9 pct yoy.HY EBITDA is expected to be approximately RMB 43.6 billion, up by about 5.5 pct year-on-year.Group's total revenue for first half of 2017 is expected to be approximately RMB 138.2 billion, down by about 1.5 pct year-on-year.Service revenue for first half of 2017 is expected to be approximately RMB 124.1 billion, up by about 3.2 pct year-on-year.Mobile service revenue is expected to be approximately RMB 76.8 billion, up by about 5.2 pct year-on-year.Broadband access revenue is expected to decline year-on-year, resulting in a flat fixed-line service revenue of approximately RMB 46.6 billion.Total operating cost is expected to be approximately RMB 133.5 billion for first half of 2017, down by about 2.5 pct year-on-year.Expects that group's financial performance in second half will face increasing pressure.  Full Article

China Unicom Hong Kong updates on progress of matters relating to mixed ownership reform
Wednesday, 9 Aug 2017 07:11am EDT 

Aug 9 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Updates on matters relating to mixed ownership reform.Recently obtained approval from National Development And Reform Commission regarding its mixed-ownership reform pilot-run plan."Company has been informed by Unicom A share company that it is still negotiating with potential investors".Unicom A share co noted recent media coverage.Coverage Regarding "China Unicom Established Operating Centers With Tencent & Alibaba & Speculation Of Mixed Ownership Reform Escalated".2 operating centers referred to in article are still in their initial stage of operation.Establishment of operating centers mentioned in article is not related to mixed ownership reform plan.Has been informed by Unicom A share co that it has not entered into any framework agreement with any potential investor.  Full Article

China Unicom Hong Kong clarifies on media coverage regarding its mixed ownership reform plan
Monday, 24 Jul 2017 05:04am EDT 

July 24 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Unicom Group recently obtained approval from National Development And Reform Commission regarding its mixed-ownership reform pilot-run plan.Unicom A share co is not aware of source of information in media reports and not entered into any legally binding documents with any potential investor.Unicom A share co noted that there have been media coverage about investors proposed to be introduced for its mixed ownership reform.Unicom A share company is still negotiating with potential investors.  Full Article

China Unicom reports operational statistics for June
Wednesday, 19 Jul 2017 05:26am EDT 

July 19 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Operational statistics for June 2017 .Net addition of mobile billing subscribers 1.091 million for June.For June, aggregate number of mobile billing subscribers 269.448 million.Aggregate number of 4G subscribers 138.808 million for June.‍June aggregate number of fixed-line broadband subscribers 76.921 million​.June net addition of fixed-line broadband subscribers 0.016 million.  Full Article