China Unicom A-share leads the hike of telecommunications block

Thursday, May 08, 2008; Posted: 05:07 AM

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BEIJING, May 8, 2008 (Xinhua via COMTEX) -- CHU | news | PowerRating | PR Charts -- China Unicom's (0762.HK; 600050.SH; CHU.NYSE) A-share has recently shown a buoyant performance under the agitation of industrial reshuffle factor, rising immediately after opening today, and leaded a comprehensive hike of the telecommunication plate.

China Unicom closed at 10.17 yuan in the Shanghai market, up 8.77 percent.

Since the last two reshuffles of China's telecommunications industry happened around May 17-- "World Telecom Day", it has become the focal point of the industry whether the reshuffle plan would be announced soon with the date drawing near.

Market expected that the profit of "New China Unicom" will see significant rise after the industrial restructuring.

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