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00788 China Tower Corporation
0.950+0.060+6.74%
Market Close
02/01 16:08 CCT
High
0.950
Open
0.890
Turnover
272.44M
Low
0.890
Pre Close
0.890
Volume
294.11M
Price Forecast
News
Comment
China Tower Corporation Limited's (HKG:788) Largest Shareholders Are Private Companies With 48% Ownership, Public Companies Own 21%
Every investor in China Tower Corporation Limited (HKG:788) should be aware of the most powerful shareholder groups. We can see that private companies own the lion's share in the company with 48% own
China Tower Concludes Signing Arrangements for Service Agreements With 3 Shareholders
04:54 AM EST, 01/24/2023 (MT Newswires) -- China Tower (HKG:0788) has completed the signing arrangements for two service framework agreements with certain shareholders for five years. The new agreeme
Alibaba Up 2%, Nio Down 4%: Hong Kong Stocks Mixed as Investors Brace for Fed Minutes, JOLTS Data
Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining over 1%, as investors and traders braced for the release of the minutes of the Federal Reserve meeting. Market participants are also awaiting the Job Openings and Labor Turnover Survey data from the U.S.
Alibaba, Nio Slip: Hang Seng Marks Weak Start to 2023 After Gloomy China Factory Activity Data
Hong Kong stocks opened mixed on the first trading day of 2023, with the benchmark Hang Seng losing 0.36% in morning trade. The market seems to be taking into account the fact that China's factory activity narrowed at a faster pace in December dragged by rising COVID-19 infections.
China Tower, China Mobile Sign Service Contracts
03:18 AM EST, 12/28/2022 (MT Newswires) -- China Tower (HKG:0788) signed two agreements with China Mobile Communications Group that took effect on Dec. 24, the tower company said in a late Tuesday bou
Alibaba, Nio Down Nearly 1%: Hang Seng Mirrors Wall Street Weakness Amid Red-Hot Japan Inflation
Hong Kong stocks opened in the red on Friday, with the benchmark Hang Seng losing 0.39%, after U.S. markets witnessed a sell-off overnight as worries of a recession reduced hopes for a "Santa Claus" rally. Japan's core consumer inflation hit a 40-year high, with the November core CPI rising 3.7% year-over-year, dampening sentiment further.
Alibaba, Nio Soar: Hang Seng Jumps Over 2% as Wall Street Cheers Upbeat Consumer Confidence Reading
Hong Kong stocks soared in early morning trade on Thursday, with the benchmark Hang Seng rising over 2%, as investors and traders cheered U.S. consumer confidence data surging to an eight-month high in December following a drop in inflation and the labor market remaining strong. Twelve-month inflation expectations, too, fell to their lowest level since Sept. 2021, at 6.7%.
Alibaba, Nio Rise: Hang Seng Rises On Wall Street Cues, City Chief John Lee Gears Up for Beijing Visit
Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng trading 0.3% higher. The city's Chief Executive John Lee is set to travel to Beijing from Dec. 21 to Dec. 24 as part of his annual visit to brief state leaders on Hong Kong's economic, social and political situation.
Alibaba, Nio Drop Over 2%: Hang Seng Opens Weaker as Wall Street 'Santa Claus' Rally Remains Elusive
Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a "Santa Claus" rally, generally seen during the end of the year. EV peers fell with Nio and Xpeng declining over 5% in morning trade. Alibaba and Tencent shares lost close to 2%.
Alibaba Up 3%, Nio Down 2%: Hang Seng Opens Higher as China Economic Optimism Outweighs
Hong Kong stocks opened in the green on Monday, with the benchmark Hang Seng rising 0.5% in morning trade on the back of China's top leaders commenting they will focus on boosting the economy next year. Alibaba shares rose over 2% in morning trade while Nio stock lost over 2%. Meituan shares rose over 4%.
Company Overview
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The issuer was established on July 15, 2014. The name at the time of establishment was China Communications Facilities Service Co., Ltd., with a registered capital of 10 billion yuan, a face value of 1 yuan per share, a total of 10 billion shares. The sponsor shareholders, China Mobile, held 3.01 billion shares, and China Telecom held 2.99 billion shares. The scope of business was tower construction, maintenance and operation; construction, maintenance, operation of base station rooms, power supplies, air conditioning supporting facilities and indoor distribution systems, and maintenance of base station equipment. (For projects requiring approval according to law, business activities can only be carried out after approval by the relevant departments).
On 2014/9/2, “China Communications Facilities Service Co., Ltd.” changed its name to “China Tower Co., Ltd.”
On October 14, 2015, the issuer issued shares and paid cash to buy assets related to the existing tower. The shareholders' meeting decided that the company would issue new shares at a price of 1 yuan/share, issuing no more than 13,5028.63 million additional shares. In the end, 11,934,46150.24 million shares were actually issued, and the registered capital was changed to 12,934,4615,5024 million yuan. On 2016/2/24, the issuer obtained the “Business License” that was exchanged after this change in registered capital.
On August 8, 2018, the issuer publicly issued overseas listed foreign shares (H shares) for the first time and was listed on the main board of the Hong Kong Stock Exchange Limited (stock code 00788.HK). The shareholders' meeting decided that the company would issue common H shares with a face value of RMB 1, and that the number of H shares issued should not exceed 4,3114.8717 million shares (before the over-allotment option was exercised). At the same time, the underwriter (or its representative) was granted an overallotment option of no more than 15% of the H shares issued above. In the end, the registered capital was issued 4,666,3856 million shares. book It was changed to 17,600,847710.24 million yuan. On 2018/12/25, the issuer obtained the “Business License” that was exchanged after this change in registered capital.
Announcement on October 20, 2020: Tong Jilu is the chairman, and Gu Xiaomin is the general manager.
Announcement on October 9, 2021: Zhang Zhiyong assumes the position of chairman.
CEO： Zhiyong Zhang
Market： Hong Kong motherboard
Listing Date： 08/08/2018
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