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[December 28, 2012]
China Unicom Ltd closes purchase of 100 pct shares in parent's subsidiary
BEIJING, Dec 28, 2012 (Xinhua via COMTEX) -- China United Network Communications (China Unicom) Limited (600050.SH; CHU.NYSE; 00762.HK) announced late Thursday that the company has closed the purchase of a 100 percent stake in Unicom New Horizon Telecommunications Co. Ltd from China Unicom Group Co. Ltd.
China Unicom Group is the parent company of China Unicom Ltd, China's second-largest telecommunications operator.
The mobile provider said earlier that the acquisition may exert positive influence on its company's profits. (Edited by Ding Lei, firstname.lastname@example.org)
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