View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 10, 1997updated 03 Sep 2016 8:18pm

CHINA TELECOM IS FORCED TO DELAY ITS IPO

By CBR Staff Writer

The initial public offering of China Telecom on the Hong Kong Stock Exchange has hit a regulatory problem and delays. The analysts of some of the companies which make up the Underwriting syndicate have apparently leaked information to the press, which, under HKSE guidelines published in May, is illegal. In a statement by the HKSE, Goldman Sachs and China International Capital Corp said they were co-operating to discover the source of the leak, and anyone involved would be excluded from the issue and face legal action. The issue is expected to raise $2bn, and will exclude Cable & Wireless Plc, which has been in negotiation with the China Ministry of Post and Telecommunications over control of Hong Kong Telecom Ltd.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU