China Mobile Poised for Shanghai Mega-Listing After U.S. Ban
- Telecom company could raise equivalent of around $5 billion
- China Mobile delisted in New York following order from Trump
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China Mobile Ltd., the country’s largest wireless carrier by revenue, has received approval from regulators to list in Shanghai after being removed from the New York Stock Exchange due to an investment ban ordered by former President Donald Trump.
The state-run enterprise got the nod from the China Securities Regulatory Commission to issue A-shares, according to a filing late Monday with Hong Kong’s stock exchange.