Criticism / Suggestions » covered by the plan?

BEIJING Daniel Grimshaw Shirt , Aug. 21 (Xinhua) -- China Unicom saw its shares surge by the daily limit of 10 percent on the Shanghai Stock Exchange Monday after the telecommunications carrier confirmed plans to bring in strategic investors including Alibaba and Tencent.


The rise came after a trading suspension of more than four months, during which the company contemplated and advanced the so-called "mixed-ownership reform," which includes private placement of its shares.


In an announcement Monday, China Unicom confirmed plans it disclosed last Wednesday that its Shanghai-listed unit will issue no more than 9.04 billion shares to raise as much as 61.73 billion yuan (more than 9 billion U.S. dollars) from investors, including Internet giants Alibaba, Tencent, and Baidu, as well as the state-owned China Life Insurance.


The scheme will proceed under previous regulation in place before new refinancing rules were enacted on Feb. 17, 2017, according to a statement released by the China Securities Regulatory Commission Sunday.


During Monday morning trading, companies related to the mixed-ownership reform saw their shares surge. Suning Commerce Group, one of China Unicom's investors, jumped over 4 percent at one point before trending down slightly.


Guangdong Eastone Century Technology Company, another firm related to the reform, saw its shares surge by the daily limit of 10 percent.


China Unicom, the country's second-largest telecom company, was among the first group of state-owned enterprises (SOEs) to pilot the mixed-ownership reform as the government worked to revitalize torpid SOEs, a key link in developing a market economy.


During the first half of this year, the company reported a year-on-year rise of 74.3 percent in net profits, an increase that it attributed to its transformed business patterns and continued reform.


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By Michael Place


RIO DE JANEIRO, Aug. 18 (Xinhua) -- Diego Costa says Chelsea are obliged to make an immediate decision about his future amid an ongoing impasse between the Spain striker and the London club.


In an interview with journalists in Brazil, where Costa is currently on an extended holiday, the 28-year-old reaffirmed his desire to leave Stamford Bridge before the close of the summer transfer window.


"The transfer market closes on August 31 and I hope to resolve the situation before then," said Costa, who was born in Brazil and became a Spanish citizen in 2013.


"I want to play again. It's what I love. The World Cup is next year. I have had offers from many clubs but I'm not going to reveal names."


Costa and Chelsea have been at loggerheads since June, when the forward revealed he received a text message from Blues coach Antonio Conte informing him that he was no longer a part of his plans.


Chelsea have demanded that Costa, who has two years left on his contract, should train with the club. But the forward has refused, claiming the Blues had treated him like a "criminal", and has expressed desire to return to his former club Atletico Madrid.


"They [Chelsea] have to decide what to do," Costa said. "I still have two years left on my contract and I hope that this gets resolved soon because I need to play.


"The coach has said that he doesn't want me for whatever reasons. While they [Chelsea] decide, I have started training alone. I'm not going to play for a club that doesn't want me."


On Thursday, Conte laughed off questions about the row during a press conference in London and said Costa was "in the past".


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How To Get Cheap Health Insurance Online In Missouri

Posted by nick_niesen on October 29th, 2010


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