Summary by Moomoo AI
China Mobile Limited (“China Mobile”) announced on 21 March 2024 that, subject to Board deliberation, the maximum amount of daily associated transactions between China Mobile Communications Group Limited (“China Mobile Group Company”) and its effective controller China Mobile Communications Group Limited (“China Mobile Group Company”) was approved by the Board of Directors. This adjustment involves day-to-day associated transactions to the normal operations required for the company's operations and is conducted on the basis of marketing principles to maximize efficiency and optimize operational efficiency. According to the announcement, the maximum amount of telecommunications business and information services sold by China Mobile Group to China Mobile Group Corporation in 2024 is expected to be adjusted from $1 billion to $2 billion, while the purchase...Show More