China Mobile Continues To Drop Volume

Affected by Vodafone's holdings of China Mobile shares, the latter fell sharply after opening.

Vodafone said in a statement that the company sold its China Mobile 3.2% stake at a total price of 4 billion 300 million pounds (HK $51 billion 400 million), excluding tax and paction costs.

The move is the largest withdrawal of Vodafone since 2008. Vodafone also said its business will focus on core markets: Europe, Africa and India.

"Holding small shares is not necessary."

The implication is that holding shares in China Mobile has not benefited from business.

The exposure contract details showed that Vodafone air communications sold its China Mobile Limited stake in the HK $79.20 -80.00 price range earlier on Wednesday.

Some analysts and investors believe that the sale is a new strategy for Vodafone to withdraw from non strategic investments. Previous non strategic investments have become the burden of Vodafone's overall value in recent years.

After the announcement, China Mobile's market fell 4.1%, to HK $78.6.

Statistics show that there are more than 200 cases, with a total turnover of 3 million 18 thousand shares, with a total price of HK $79.2.

According to this calculation, it is equivalent to all the shares in Vodafone.

Between 2000 and 2002, Vodafone spent $3 billion 250 million and bought two shares in China Mobile, which has doubled in value in the past few years.

As early as July this year, Vodafone said that it was considering its own strategy of holding minority shares in other companies. It was analyzed that Vodafone might sell or divest some shares, including France, the United States and China.

There is also a view that the sale of China Mobile shares is mainly because of purely financial investment without any voice, which is not in line with Vodafone's original intention.