Money

Chinese telco giant makes ‘biggest public offering in a decade’

Published

2 years ago

January 5, 2022

ticker NEWS

Shares in China Mobile have seen green, rising as the telco started trading in Shanghai following a major capital raise of $7.7bn in China’s biggest public offering in a decade

The shares in the telco giant opened 9.4% higher before easing back in morning trade. China Mobile’s smaller rivals, China Telecom and China Unicom, have already made the move to their home country, after exiting the US markets.

The three telecom firms were delisted from the New York Stock Exchange after a Trump-era decision to restrict investment in Chinese technology companies.

China Mobile’s Hong Kong-listed shares saw green after they also rose in early trade. The positive news came after the company stated that it would press ahead with a plan to buy back up to 2.05 billion shares, worth nearly $13bn.

The policy introduced by the Trump administration to clamp down on investments in Chinese technology firms has remained in place under current President Joe Biden as tensions continue to escalate between Washington and Beijing.

China Mobile says that it plans to use the cash raised from the offering to develop projects including premium 5G networks, infrastructure for cloud resources and artificial intelligence software.

China Mobile is the world’s largest mobile network operator by total subscribers

Money

The integral step to entering the property market

Published

1 day ago

May 20, 2024

ticker NEWS

In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

Money

LA real estate agent reveals the secret to success

Published

1 day ago

May 20, 2024

ticker NEWS

What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

Money

Why the meme-stock frenzy is unlikely to repeat

Published

1 week ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending