After the news, long and ADR in the U.S. stock market rose sharply, closing up more than 5%. Cellnexadr rose more than 3% in the session, but ended up down more than 4%.
In July, media reports said that he was working with some consultants to make its European signal tower business an independent subsidiary and consider selling minority stakes in the company. In August last year, he announced that it plans to establish a new infrastructure subsidiary, which operates more than 28000 signal towers in Europe, opening the door for Changhe and its telecom infrastructure operators to reach various infrastructure transactions. Transactions will help such companies reduce the cost of debt and 5g networks. Source: editor of wall street news and information: guochenqi_ NBJ9931
In July, it was reported in the media that Changhe was studying with some consultants, hoping to make its European signal tower business an independent subsidiary, and to consider selling a minority stake in the company.
In August last year, Changhe announced plans to establish a new infrastructure subsidiary to operate more than 28000 signal towers in Europe, opening the door for Changhe to enter into various infrastructure transactions with European telecom infrastructure operators. The deal will help these companies reduce debt and the cost of 5g networks.