China Telecom to Spin off Unit

Monday, February 27, 2006
China Telecommunications Group, the parent of Hong Kong-listed China Telecom Corp, plans to spin off its engineering and telecom services arm for a Hong Kong initial public offering to raise between $200 million and $400 million in the second half this year, The Standard reported. China Telecom Group, which provides fixed-line telecom services in 21 provinces in the southern part of China, may bundle part of its engineering and telecom services business into the proposed listing unit. Those assets will come from five or six wealthier provinces and cities, including Guangdong and Shanghai. The group has picked China International Capital Corp and Goldman Sachs as joint sponsors of the offering, adding that the restructuring proposal is not complete, so the fund- raising target may be revised later. Also, China Telecom Group is very keen on the listing of another unit in Hong Kong, and hopes it will be completed by the end of this year. (Source: The Standard)
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Cruise Industry Disappointed by Findings of Critical LMU Report

New research by the UK's Leeds Metropolitan University (LMU) claims the cruise industry is ignoring its responsibility to the environments and societies it visits.

New Orleans' Biggest Cruise Ship Departs on Inaugural Voyage

New Orleans’ largest year-round cruise ship, the 3,646- passenger 'Carnival Dream', has sailed on its inaugural 6-day cruise from New Orleans. The Port explains

Concordia Captain Tried to Blame Wreck on Electrical Blackout

The captain of the Costa Concordia tried to persuade the crisis coordinator of the cruise line to pretend an electrical blackout had caused the shipwreck, a court was told on Monday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1056 sec (9 req/sec)