China Unicom Removes Statements, Halts Stock Overnight

Updated:2017/8/18 13:21

After four clarifications and eight suspensions, China Unicom has announced the mixed ownership reform scheme on August 16 that its Shanghai-listed unit will raise CNY78 billion by selling the shares to 14 companies and its employees.

However, China Unicom has removed three exchange announcements at night, surprising the industry, and later made a statement that the company has applied to suspend its trading for technical reasons and will disclose the plan and other relevant documents and resume trading in three trading days.

Reporters hear from related sources that the suspension won't cause any substantial change to the mixed ownership reform scheme of the company.

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