综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

China Communications Services Corp, the engineering unit of China Telecom, said it will buy 4.63 billion yuan (US$607 million) of telecommunications assets from its parent.

Related readings:  China Telecom may sell yuan stock Telecom:Trans-Pacific cable to operate in 2008  China Telecom gives Google Web advertising rights  Telecom restructure in a tangle

The company will use 1.2 billion yuan from its initial public offering proceeds and 1.4 billion yuan of its own cash to pay for the acquisition, China Communications said in a statement to the Hong Kong Stock Exchange. The company said it will borrow the rest of the funds needed.

China Communications also said it will assume the debt of the assets amounting to 75.2 million yuan. China Telecommunications Corporation is the controlling shareholder of the company.

(For more biz stories, please visit Industry Updates)