China Unicom (0762.HK), Wednesday announced 9-month financial results, reporting a profit of RMB 20.035 billion compared to RMB 19.081 billion in the previous year.
Operating revenue for the period was RMB 292.985 billion compared to last year's RMB 290.123 billion.
Concurrently, the company shared a corporate-related update, sharing its plan to spin off SMART Connection Technology for listing on the ChiNext Market of the Shenzhen Stock Exchange.
The company expects the proposed spin-off to improve the modern enterprise system with Chinese characteristics, promote innovation and structural optimization, and improve market-oriented operating mechanisms.
CHU's stock closed at HKD 9.23, down 0.32 percent on the Hong Kong Stock Exchange.
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