GIC reduces holdings of China Telecom to 5.99% – real-time financial news

According to equity disclosure, the Government of Singapore Investment Corporation (GIC) conducted an important transaction on March 20, reducing its holdings of 41.868 million shares of China Telecom (0728) at an average price of HK$4.0008. This transaction resulted in GIC's shareholding in China Telecom falling from 6.29% to 5.99%, and it successfully cashed out HK$167 million.

This transaction has attracted market attention, and many investors are paying attention to GIC's shareholding changes in China Telecom. China Telecom is a well-known telecommunications company in Hong Kong. Its business covers a wide range of areas, including fixed line, mobile communications and data services.

As a well-known investment institution, GIC's investment initiatives have always attracted market attention. This move to reduce China Telecom's shares has triggered investors' speculation on China Telecom's future development. The market generally believes that GIC's move may be related to China Telecom's performance and future development.

As the leader of Hong Kong's telecommunications industry, China Telecom has always been the focus of investors' attention. Its stable business model and strong market competitiveness enable it to occupy an important position in the industry. GIC's shareholding reduction may have a certain impact on China Telecom's stock price and business operations.

In general, GIC's move to reduce its holdings in China Telecom has attracted market attention and discussion. Investors will continue to pay attention to China Telecom's business development and stock price trends, as well as GIC's future changes in China Telecom's shareholding. This will be an important focus of the market in the coming period.