Prices Too High For China Mobile

China Mobile indicated during its earnings call last month that it was looking for overseas acquisitions. Now CEO Wang Jianzhou has told the WSJ that pricing is a problem, reports Forbes. “It is a bad time for buyers, because the price is so high,” said Wang Jianzhou. “So today we don’t have an exact target for our further acquisition”. So although the company is on the lookout for further acquisition the company has no timeline for the buys. Maybe when the government lets the Renminbi appreciate…

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