STATE-OWNED ENTERPRISE LISTS H SHARES ON HK EX

China Communications Services Corporation (CCS) has completed a US$242 million secondary offering and listing of its H shares on the Hong Kong Stock Exchange.

A provider of telecommunications support services to telecommunications operators in the PRC, the state-owned CCS offered 359,365,600 H shares at HK$5.25 each. The shares sold represent 20% of the company's enlarged H share capital.