Summary by Futu AI
China Mobile Limited (the "Company") released a special report on the collection and actual use of funds for the first half of 2024 on August 8, 2024. The report showed that the Company raised a total of RMB 51,981,373,781.86 through the initial public offering of ordinary shares denominated in RMB (A shares) in 2021. After deducting issuance expenses, the net proceeds of the fundraising were RMB 51,373,879,467.74. As of the end of 2023, approximately RMB 49.571 billion had been invested in fundraising projects, with an additional investment of approximately RMB 0.856 billion in the first half of 2024. The report stated that the fundraising funds were all deposited into a special account and the Company signed storage and supervision agreements with multiple banks for the fundraising account. The storage situation...Show More