Wireless Telecommunications Services
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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.