China Mobile is considering a listing in China's A-share market after its US stock is taken off the market, Bloomberg said Tuesday, citing people familiar with the matter.
China Mobile is discussing a potential A-share offering with advisers to seek new sources of financing for the development of its 5G network.
The discussions are at an early stage, and China Mobile has yet to make a decision on the size and timing of the offering, the report said.
The New York Stock Exchange delisted China Mobile, China Telecom, and China Unicom (Hong Kong) in January under an executive order signed by former President Donald Trump that banned US investment in companies linked to the Chinese military.
China Mobile's Hong Kong shares have risen 18 percent this year to a market value of $137 billion.
China Mobile was listed on the New York Stock Exchange and Hong Kong Stock Exchange in 1997, raising about $4.2 billion in its initial share offering.
China Mobile sought a Chinese mainland listing in 2007, but it ultimately did not materialize.
Previously CnTechPost reported that Hong Kong-listed China Telecom announced plans to list on China's A-share market on March 9.
