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Chang Xiaobing: Netcom, Unicom to Complete Merger in Q4

NetEase, 6/02/08

In today's analyst briefing on the Announcement of the Merger between China Netcom (NYSE: CN; 0906.HK) and China Unicom (NYSE: CHU; 0762.HK; 600050.SH), China Unicom chairman and CEO Chang Xiaobing disclosed the post-merger shareholding structure of the New China Unicom: Netcom Group (29.49%), Unicom Group (40.92%, among which, A-shares account for 82.10%), and public shareholders (29.59%).

Chang also unveiled the transaction timetable: resuming trading on Hong Kong Stock Exchange on June 3; hold shareholders' meeting around September; complete merger in Q4 2008.

Keywords: restructuring 0762.HK 0906.HK 600050.SH Chang Xiaobing China Netcom China Unicom CHU CN Hong Kong Stock Exchange Q4 2008 telecom timetable wireless

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