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/ China Communications Services Corporation Limited
Milestones
Return on equity
increased from
7.3% in 2006,
the first year after
listing, to 13.2% in
2011
2006
AUGUST 2006
30 August 2006: The Company was established, with
primary service areas including Shanghai, Zhejiang
Province, Fujian Province, Hubei Province, Guangdong
Province and Hainan Province.
DECEMBER 2006
8 December 2006: The Company was listed on the Main
Board of The Stock Exchange of Hong Kong Limited.
Gross proceeds from the IPO was approximately HK$3.3
billion.
AUGUST 2007
31 August 2007: The Company completed the acquisition
of the businesses of specialized telecommunications
support services in 13 provinces (municipalities and
autonomous regions) from China Telecommunications
Corporation at a consideration of RMB4,630 million.
OCTOBER 2007
10 October 2007: China Communications Services (Hong
Kong) International Limited was established.
DECEMBER 2007
12 December 2007: Mr. Zhang Zhiyong and Mr. Yuan
Jianxing were appointed as Executive Directors of the
Company.
APRIL 2008
8 Apri l 2008: Mr. Wang Xiaochu resigned as Non-
Executive Director and Chairman of the Company, and
was re-designated as the Honorary Chairman. On the
same date, Mr. Li Ping was appointed as Chairman of
the Company. Mr. Zhang Zhiyong was appointed as
President of the Company.
9 April 2008: The Company completed the placement
of 327 million new H Shares with net proceeds of
approximately HK$1,668 million.
MAY 2008
30 May 2008: The Company completed the acquisition
of the 100% equity interests in China International
Telecommunications Construction Corporation at a
consideration of RMB505 million.
MARCH 2009
24 March 2009: China Telecommunications Corporation
completed the transfer of 506,880,000 and 236,300,000
domestic shares of the Company to China Mobi le
Communications Corporation and China United Network
Communications Group Company Limited respectively.
MAY 2009
26 May 2009: The Group acquired the equity interests
in Guoxin Lucent Technologies Network Technologies
Co., Ltd. (“Guoxin Lucent”) (51%), Shanghai Tongmao
Import & Export Co. Ltd. (95.945%) and Shenzhen
Telecom Engineering Company Limited (40%) for a total
consideration of approximately RMB115 million.