China Telecom plans to raise $4b in Shanghai secondary flotation

China Telecom plans to raise $4b in Shanghai secondary flotation

Beijing, China. Source: Li Yang/Unsplash

China Telecom Corp plans to list its shares on the main board of the Shanghai Stock Exchange, the state-owned telecom operator said Tuesday. The company’s stock was suspended by the New York Stock Exchange two months ago under an executive order from former U.S. President Donald Trump.