China Unicom Ltd closes purchase of 100 pct shares in parent's subsidiary
BEIJING, Dec 28, 2012 (Xinhua via COMTEX) --
China United Network Communications
(China Unicom) Limited (600050.SH; CHU.NYSE; 00762.HK) announced late
Thursday that the company has closed the purchase of a 100 percent
stake in Unicom New Horizon Telecommunications Co. Ltd from China
Unicom Group Co. Ltd.
China Unicom Group is the parent company of China Unicom Ltd,
China's second-largest telecommunications operator.
The mobile provider said earlier that the acquisition may exert
positive influence on its company's profits. (Edited by Ding Lei,
[ Back To TMCnet.com's Homepage ]