Telling Telecommunication Holding Co., Ltd. said on Sept 22 that it plans to sell its wholly owned subsidiary Tianyin Mobile Communications in a public listing on the Shenzhen United Property and Equity Exchange, setting a listing price of 130 million yuan, as the group looks to sharpen its resource allocation and concentrate on high-growth strategic new businesses.
The appraised value of Tianyin Mobile's total shareholder equity stood at 123.28 million yuan as of March 31, 2026, according to the announcement. After carving out assets and liabilities tied to non-mobile resale operations, the company set the floor price at 130 million yuan — a 5.45 percent premium to the appraisal.
Tianyin Mobile was founded in 2015 with registered capital of 50 million yuan. Its licensed operations include mobile communications and telecom services, and it holds a mobile communications resale license. It is also one of China's first licensed virtual network operators to win resale licenses from all three major carriers.
Before the deal, Telling Communications held 100 percent of Tianyin Mobile. Telling Telecommunication Holding, as the sole shareholder of Telling Communications, indirectly owned the entire stake in the target company.