China Telecom Triggers the Initiation Conditions of the Share Price Stabilization Measures

Updated:2022/1/21 16:02

On January 19, 2022, China Telecom announced that the company's share price has been below the adjusted net asset value per share for 20 consecutive trading days, triggering the initiation conditions of the share price stabilization measures.

The company said it will, according to the share price stabilization plan, determine specific share price stabilization measures with its controlling shareholder China Telecom Group Co., Ltd. within 10 trading days from the day when the conditions for triggering the share price stabilization measures are triggered (January 19, 2022). After internal decision-making procedures and external approval/filing procedures (if necessary), the company will cooperate with relevant entities to implement such share price stabilization measures.

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