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General

China Telecom, CCS set up China Telecom Finance

Tuesday 26 June 2018 | 05:55 CET | News
China Telecom Corporation, China Telecommunications Corporation, and CCS have signed a Capital Contribution Agreement to jointly establish China Telecom Finance with the registered capital of CNY 5 billion (approximately HKD 6.09 billion). China Telecom Corporation, China Telecommunications Corporation, and CCS will respectively contribute CNY 3.5 billion, CNY 750 million, and CNY 750 million, which will respectively represent 70 percent, 15 percent and 15 percent of the total registered capital of China Telecom Finance. The establishment of China Telecom Finance is subject to the approval

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Categories: General
Companies: China Telecom
Countries: China
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