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China United Network Communications Ltd (600050.SS)

600050.SS on Shanghai Stock Exchange

6.13CNY
14 Feb 2018
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Tue, Feb 13 2018

BRIEF-Sunsea Telecommunications Unit Signs Cooperation Agreement With China United Network Communications 

* SAYS UNIT SIGNS STRATEGIC COOPERATION AGREEMENT WITH CHINA UNITED NETWORK COMMUNICATIONS ON AREAS INCLUDING INTERNET OF THINGS (IOT) Source text in Chinese: http://bit.ly/2EYGWfA Further company coverage: (Reporting by Hong Kong newsroom)

BRIEF-China United Network Communications' Unit, Group To Boost Finance Subsidiary's Capital

* SAYS OPERATING UNIT, GROUP PLAN TO BOOST FINANCE SUBSIDIARY'S CAPITAL BY A COMBINED 7.0 BILLION YUAN ($1.09 billion) TO 10 BILLION YUAN Source text in Chinese: http://bit.ly/2BlRySv Further company coverage: ($1 = 6.4020 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

BRIEF-China United Network Communications' registered capital increased to 30.2 bln yuan

* SAYS COMPANY'S REGISTERED CAPITAL INCREASED TO 30.2 BILLION YUAN ($4.57 billion) FROM 21.2 BILLION YUAN AFTER A-SHARE PRIVATE PLACEMENT Source text in Chinese: http://bit.ly/2APV4rT Further company coverage: ($1 = 6.6115 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

BRIEF-China United Network Communications issues 9.04 bln A shares of the company

* Says it completed issuance of 9.04 billion A shares of the company with expected listing date on Oct. 31. 2020

BRIEF-China United Network Communications's 9-mth net profit up, unit boosts JV's capital

* Says unit and China Merchants Bank Co Ltd to boost capital of consumer finance JV by 600 million yuan ($90.19 million)each

BRIEF-China United Network Communications expects 9-month net profit to rise 168.4 pct y/y

* Says it expects 9-month net profit to rise 168.4 percent y/y from 488.8 million yuan ($73.86 million) year ago

BRIEF-China United Network Communications gets regulatory approval for private placement

* Says it gets securities regulator's approval to issue A-shares in private placement

BRIEF-Hengtong Optic-Electric plans cooperation with China United Network Communications' Yunnan branch

* Says it plans cooperation with China United Network Communications' Yunnan branch with investment of about 290 million yuan ($44.05 million)

BRIEF-China United Network gets approval for share transfer deal private placement

* Says State-owned Assets Supervision and Administration Commission of the State Council approves controlling shareholder to transfer company's shares

KuangChi says parent invests $600 million for 1.88 percent of Unicom

HONG KONG KuangChi Science Ltd said its parent has invested 4 billion yuan ($600.3 million) in a 1.88 percent stake in China United Network Communications Ltd, becoming one of its strategic investors under a mixed ownership reform plan.

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