China Mobile <0941.HK> will be in focus after it said it was
buying 12 percent of Taiwan's Far EasTone <4904.TW> for $529
million, in one of the biggest investments by a Chinese company
in Taiwan as ties warm between the former rivals.
China Mobile, the world's largest mobile carrier by users,
will pay about T$17.8 billion or T$40.00 per share for the stake
in one of Taiwan's top three telecoms carriers, it said in a
statement on Wednesday. The price would mark a 14 percent premium
to Far EasTone's closing price of T$35.20.
The benchmark Hang Seng Index <.HSI> finished 2.8 percent
firmer at 14,956.95 on Wednesday, clawing back some some lost
ground after a two-day slump.
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