After the shareholding structure adjustment, China Mobile Communications Group, the largest shareholder of China Telecom (Hong Kong), acquired 43% of the total rights and interests of China Telecom (Hong Kong) Group held by China Telecom Group (formerly "China Post and Telecommunications Bureau") for free, making China Mobile Communications Group own 65,438+000% of the economic rights and interests of China Telecom (Hong Kong) Group. The adjustment of the ownership structure meets the needs of the restructuring of China's telecom industry, which shows that China Telecom and China Mobile Communications have been completely separated and continue to operate independently and professionally in their different business fields according to commercial principles.
After the separation of the two groups, the Ministry of Information Industry will continue to perform the functions of industry supervision, macro-control and guidance, but will no longer exercise administrative functions for the two groups. The Ministry of Information Industry reiterated that it will continue to fulfill the five commitments made to China Telecom (Hongkong) last year, including fully supporting the company's operation and development.
Last month, the management of China Mobile Communications Group officially confirmed that Wang Xiaochu, Chairman and General Manager of China Telecom (Hongkong), was also appointed as Deputy General Manager of China Mobile Communications Group.
Wang Xiaochu, Chairman and General Manager of China Telecom (HK), pointed out that the adjusted shareholding structure is clearer and more reasonable, which is more conducive to the company's operation according to the commercialization principle of market economy and more flexible in business negotiation. He stressed that after the adjustment of the ownership structure, it will be more beneficial for China Telecom to concentrate on developing its core business-mobile communication business. The new company name and trademark can better reflect the company's theme and future development focus and direction, including developing new services such as wireless data and wireless Internet, and developing the company into a world-class international wireless multimedia operator.
After the shareholders' meeting approved China Telecom (Hong Kong) to change its name to "China Mobile (Hong Kong)", the company will use the trademark of China Mobile Communications Group, and its six subsidiaries began to use the trademark last year. The logo symbolizes two hands holding together, which means that the company will continue to improve its mobile communication service, making customers closer, customers closer and people closer, and making communication start from the heart.