7
China Communications Services Corporation Limited Annual Report 2015
MILESTONES
NOVEMBER
The Company announced jointly with China UnionPay and Bank of Changsha the
launch of “Gripay”, an Internet mobile financial service platform.
The Company announced jointly with China Telecom and SAP to offer SAP’s cloud
solution to the enterprises in China. Such service is offered by the joint venture of the
Company with SAP.
DECEMBER
Mr. Si Furong was appointed as the President of the Company and appointed as
Executive Director of the Company on 21 February 2014.
JULY
China Communications Facilities Services Corporation Limited (now renamed as China
Tower Corporation Limited) indicated to the Company the relevant arrangements of
preferential treatment and non-competition.
2014
2013
FEBRUARY
The Company completed the rights issue. Dealing in the H rights shares commenced
on The Stock Exchange of Hong Kong Limited on 10 February 2012. The rights issue
raised gross proceeds of approximately RMB2,991 million (approximately HK$3,677
million).
JUNE
The Company acquired the equity interests and assets in relation to several
telecommunications infrastructure service companies in Ningxia and Xinjiang, etc. as
well as 51% equity interests in Sino-British Submarine System Co., Ltd. for a total
consideration of approximately RMB416 million.
2012
