Shanghai-listed China Unicom lockup period for 1.06 bln A-shares ends May 19

Mon. May 12, 2008; Posted: 07:17 PM

BEIJING, May 13, 2008 (XFN-ASIA via COMTEX) -- CIUCF | news | PowerRating | PR Charts -- China United Telecommunications Corp Ltd (SHA 600050) said 1.06 bln of its A-shares will come out of lockup and will be available for trading on the Shanghai exchange from May 19.

In a statement filed with the bourse, the company said its largest shareholder China Unicom Group will be able to trade the shares after a 24-month holding period expires.

In May 2006, the company implemented a state share reform plan, under which holders of its non-tradable shares offered public shareholders 2.3 bonus shares for every 10 tradable shares held.

A-shares of China Unicom closed down 1.41 pct at 9.78 yuan yesterday.

(1 usd = 7.0 yuan)

zachary.wei@xfn.com

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For full details on China Unicom Limited ADS (CHU) click here. China Unicom Limited ADS (CHU) has Short Term PowerRatings of 4. Details on China Unicom Limited ADS (CHU) Short Term PowerRatings is available at This Link.

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