China Securities Journal, 1/31/08
China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has forecast an equity shareholder net profit growth rate of 100% for 2007, based on new Hong Kong financial reporting standards.
Convertible bonds issued to Korea's SK Telecom in July 2006 were converted to shares in August 2007, meaning a significant decline in losses from the change in fair value. Also, Unicom is to benefit from a tax rebate on profits reinvested by subsidiaries.
The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.