China Mobile might be on its way home. The rumors have been around for a few weeks. On Sunday, Forbes and several other financial news outlets published an AFX story claiming "China Mobile Ltd is expected to start procedures to launch an A-share initial public offering on the mainland in the first half of 2007". The report was based on an earlier story published by 21st Century Business Herald, a popular Chinese business magazine.
The original 21st CBH story stated that China Mobile, currently listed in Hong Kong and New York, has already chosen underwriters and is likely to launch an initial public offering in the Yuan-denominated A-share market in Shanghai.
Xinhua, the Chinese Government's news agency, republished the story with a little twist, reporting that "The booming Chinese mainland stock market will lure the country's largest mobile operator back from overseas bourses in the first half of next year".
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