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Technology / AI and automation

CHINA TELECOM COMPLETES IPO

China Telecom (Hong Kong) Ltd has completed its IPO; the largest ever share listing in Hong Kong despite a disappointing demand for shares. It was oversubscribed about 30 times in Hong Kong – earlier expectations had been for a 500 to 600 times oversubscription. International placement outside the United States, Canada and Asia of 370.59 million shares were reported to be around 20 times subscribed.

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CBR Staff Writer

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