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China Satcom Returns: Submits IPO Application with Expected Financing of CNY1.28 Billion

Updated:2018/8/24 14:16

China Satcom, one of the six basic telecommunication service providers, now returns.

China Satcom plans that the public issue will be no more than 400 million shares on the Shanghai Stock Exchange and intends to raise CNY1.28 billion through IPO, of which CNY100 million will be used to supplement liquidity, and the rest will be invested in the Zhongxing-18 satellite project.

The official website shows that the company now operates 15 in-orbit civilian communications satellites of high quality, covering China, Australia, Southeast Asia, South Asia, the Middle East, Europe and Africa.

 Source:C114
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