China Mobile Co., Ltd
Initial public offering
Announcement of offline preliminary placement results and online Winning Results
Co sponsor (co lead underwriter): China International Capital Corporation Limited(601995)
Co sponsor (co lead underwriter): Citic Securities Company Limited(600030)
Co lead underwriter: China Securities Co.Ltd(601066)
Co lead underwriter: Huatai United Securities Co., Ltd
Co lead underwriter: Boc International (China) Co.Ltd(601696)
Co lead underwriter: China Merchants Securities Co.Ltd(600999)
hot tip
The application of China Mobile Co., Ltd. (hereinafter referred to as "China Mobile", "the issuer" or "the company") for the initial public offering of RMB common shares (A shares) (hereinafter referred to as "the offering") has been approved by the China Securities Regulatory Commission in document zjxk [2021] No. 3902. The co sponsor (co lead underwriter) of the offering is China International Capital Corporation Limited(601995) (hereinafter referred to as "the offering") “ China International Capital Corporation Limited(601995) ”）、 Citic Securities Company Limited(600030) (hereinafter referred to as " Citic Securities Company Limited(600030) "), the co lead underwriters are China Securities Co.Ltd(601066) (hereinafter referred to as " China Securities Co.Ltd(601066) "), Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai united"), Boc International (China) Co.Ltd(601696) (hereinafter referred to as " Boc International (China) Co.Ltd(601696) ") and China Merchants Securities Co.Ltd(600999) (hereinafter referred to as " China Merchants Securities Co.Ltd(600999) ") ( China International Capital Corporation Limited(601995) , Citic Securities Company Limited(600030) , China Securities Co.Ltd(601066) , Huatai united, Boc International (China) Co.Ltd(601696) and China Merchants Securities Co.Ltd(600999) ) "Co lead underwriters").
This issuance is conducted by a combination of directional placement to strategic investors (hereinafter referred to as "strategic placement"), offline inquiry placement to qualified investors (hereinafter referred to as "offline issuance") and online pricing issuance to social public investors holding the market value of non restricted A-Shares and non restricted depositary receipts in Shanghai market (hereinafter referred to as "online issuance").
The issuer and the joint lead underwriters have negotiated and determined that the number of shares issued this time is 845700000, It accounts for about 3.97% of the total number of shares issued by the company after the issuance (before the exercise of the over allotment option), all of which are public issuance of new shares without transfer of old shares. The issuer grants the co lead underwriters an over allotment option (or "green shoes") that does not exceed 15.00% of the number of shares initially issued ）, if the green shoes are fully exercised, the total number of shares issued will be expanded to 972555000, accounting for about 4.53% of the total number of shares issued by the company after the issuance (after the over allotment option is fully exercised). All the over allotment shares are placed to online investors.
All the subscription funds promised by the strategic investors in this offering have been remitted to the bank account designated by the joint lead underwriters within the specified time. The final number of strategic placement is 422013000 shares, accounting for 49.90% of the total amount of this offering before the exercise of green shoes and 43.39% of the total amount of this offering after the full exercise of green shoes; The difference between the initial strategic placement and the final strategic placement of 837000 shares will be transferred back to offline issuance.
Before the launch of the online and offline call back mechanism, the initial offline issuance after the adjustment of the strategic placement was 296832000 shares, accounting for about 70.06% of the total issuance before the exercise of green shoes after deducting the final strategic placement issuance; Accounting for about 53.92% of the total issuance amount after deducting the final strategic placement issuance amount after the full exercise of green shoes; Before the launch of the online and offline call back mechanism and the launch of green shoes, the initial number of shares issued online was 126855000, accounting for about 29.94% of the total number of shares issued this time after deducting the number of shares issued by the final strategic placement; Before the launch of the online and offline call back mechanism and after the green shoes are put into use, the initial number of shares issued online is 253710000, accounting for about 46.08% of the total number of shares issued this time after the green shoes are fully exercised after deducting the number of shares issued by the final strategic placement.
The total number of final offline and online issuance is the total amount of this public offering minus the final strategic placement. The final offline and online issuance will be determined according to whether to enable the over allotment option and callback. The issue price is 57.58 yuan / share.
According to the over allotment option mechanism announced in the announcement on the issuance arrangement and preliminary inquiry of China Mobile's initial public offering of shares, the issuer and the joint lead underwriters negotiated and determined to enable the green shoe mechanism according to the subscription of this offering, and over allotment 126855000 shares to online investors, accounting for about 15.00% of the initial issued shares. According to the announcement on initial public offering of shares by China Mobile Limited (hereinafter referred to as the "issuance announcement") ）According to the announced callback mechanism, since the initial effective online subscription multiple is about 1384.66 times, more than 150 times, the issuer and the joint lead underwriters decided to start the callback mechanism. After the callback, the proportion of unlocked regular offline issuance does not exceed 10% of the number of shares issued to the public, that is, 18232200 shares will be recalled from the offline to the online. The number of publicly issued shares referred to in this paragraph shall be calculated according to the number of shares before over allotment and deducting the set restriction period. After the callback mechanism is launched, the final number of shares issued offline is 114510000, of which 34353000 shares are issued offline without lock term and 80157000 shares are issued offline with lock term. The final number of shares issued online is 436032000 shares (including the over allotment part). After the call back, the winning rate of this online issuance is 0.12411863% (including the over allotment part), and the effective subscription multiple is 805.68 times (including the over allotment part).
Please pay attention to the following matters:
1、 Offline investors shall, in accordance with the announcement on offline preliminary placement results and online winning results of initial public offering of shares by China Mobile Co., Ltd. (hereinafter referred to as "announcement on offline preliminary placement results and online winning results"), on December 24, 2021 Before 16:00 on (T + 2 day), pay the subscription funds for new shares in full and on time according to the final issue price and allocated quantity.
After winning the subscription of new shares, online investors shall fulfill their payment obligations according to the announcement of offline preliminary placement results and online winning results, so as to ensure that their capital account will have sufficient new share subscription funds on December 24 (T + 2) 2021. The transfer of investors' funds shall comply with the relevant regulations of the securities company where the investor belongs.
The shares that offline and online investors give up to subscribe for are underwritten by the joint lead underwriters.
2. When the total number of shares subscribed by offline and online investors is less than 70% of the number of public offerings after deducting the final strategic placement, the issuer and the co lead underwriter will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
3. If the offline investors with valid quotation fail to participate in the subscription or obtain the preliminary placement, and the offline investors fail to pay the subscription amount in time and in full, they will be deemed as breach of contract and shall bear the liability for breach of contract. The joint lead underwriters shall report the breach to the China Securities Association for the record. If an online investor fails to pay in full after winning the lottery three times in a row within 12 months, he shall not participate in the subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months.
4. Once this announcement is published, it shall be deemed to have served the distribution payment notice to the online investors who have participated in the online subscription and won the lot and all the placing objects who have obtained the distribution under the offline issuance.
1、 Strategic placement results
(i) Selection criteria
In this offering, the selection of strategic investors is comprehensively determined after fully considering factors such as investor qualification and long-term strategic cooperative relationship with the issuer, mainly including:
1. Investors with good market reputation and market influence and representing broad public interests;
2. Investors with strong capital strength, such as national investment funds, large insurance companies or their subordinate enterprises; 3. State owned enterprises or their subordinate enterprises with long-term investment intention;
4. Investors who have strategic partnership or long-term cooperation vision with the issuer and are willing to hold shares for a long time;
5. State sovereign funds and qualified foreign investors, or their subordinate enterprises.
（2） Status of contributions
The subscription funds promised by 19 strategic investors have been remitted to the bank account designated by the joint lead underwriters within the specified time. The final strategic placement number of this issuance is 422013000 shares, accounting for 49.90% of the total amount of this issuance before the exercise of green shoes and 43.39% of the total amount of this issuance after the full exercise of green shoes.
（3） Final result of strategic placement
The names of the strategic investors finally allocated, the number of allocated shares and the lock-in period are as follows:
Sequence name of strategic investor number of allocated shares (shares) lock-in period 1
number
1. National social security fund 101 portfolio 17367000012 months
2 China State owned enterprise restructuring fund phase II Co., Ltd. 3473400012 months
3 Guoxin Investment Co., Ltd. 3473400012 months
4 China Africa Development Fund Co., Ltd. 2605000012 months
5 China cultural industry investment fund phase II (limited partnership) 1563000012 months
6 national integrated circuit industry investment fund phase II Co., Ltd. 1215600012 months
7 State Grid Yingda Co.Ltd(600517) International Holding Group Co., Ltd. 3473400012 months
8 Guojia energy group Capital Holding Co., Ltd. 3473400012 months
9 China Energy Construction Group Co., Ltd. 2605000012 months
10 China Electronics Technology Investment Holding Co., Ltd. 1389300012 months
11 China First Automobile Group Co., Ltd. 1389300012 months
12 national development and Investment Group Co., Ltd. 1389300012 months
13 China Life Insurance Company Limited(601628) 3473400036 months
14 people's Insurance Company of China 3473400036 months
15 China Post Life Insurance Co., Ltd. 2605000036 months
16 Taiping Life Insurance Co., Ltd. 1736700036 months
17 Beijing Jingdong Century Trading Co., Ltd. 1042000036 months
18 Zhengda Investment Co., Ltd. 1042000036 months
19 Brunei investment agency 1042000036 months
Total 422013000
Note 1: the lock up period shall be calculated from the date when the shares issued this time are listed and traded on the Shanghai Stock Exchange.
2、 Online lottery results
According to the issuance announcement, The issuer and the joint lead underwriter of the offering were established on December 23, 2021 On the morning of (T + 1), the lottery ceremony for China Mobile's initial public offering of shares was presided over at Haitang hall, conference room on the fourth floor of Zijinshan Hotel, No. 778 Dongfang Road, Pudong New Area, Shanghai. The lottery ceremony was conducted in accordance with the principles of openness, fairness and impartiality. The lottery process and results have been notarized by Shanghai Dongfang notary office. The winning results are hereby announced as follows:
Last digit winning lot number
Last "3" digits 335
Last "4" digits 71342134
Last "5" digits 6724192241422417241
Last "6" digits 324115
Last "7" digits 8843430
Last "8" digit: 14869592273695
