Brief: China Mobile Enters 2023 Business Collaboration Framework Agreement With Venustech

China Mobile

23/03/2023 11:46

March 23 (Reuters) - China Mobile Ltd  0941.HK :
    * ENTERING INTO 2023 BUSINESS COLLABORATION FRAMEWORK
AGREEMENT
WITH VENUSTECH
    * UNDER DEAL, CHINA MOBILE CAPITAL AGREED TO SUBSCRIBE FOR
CERTAIN
PRIVATELY-OFFERED SHARES IN VENUSTECH
    * AFTER COMPLETION OF SUBSCRIPTION, CHINA MOBILE CAPITAL
WILL
DIRECTLY HOLD 22.99% SHARES IN VENUSTECH
    * UNDER DEAL, CMC OR ITS UNITS WILL PROVIDE INFORMATION &
COMMUNICATIONS TECHNOLOGY SERVICES AND PRODUCTS TO VENUSTECH OR
ITS UNITS
    * POST SUBSCRIPTION, CHINA MOBILE CAPITAL WILL BECOME SINGLE
LARGEST SHAREHOLDER OF VENUSTECH GROUP IN TERMS OF VOTING RIGHTS

Source text for Eikon:  ID: 
Further company coverage:  0941.HK 

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