China Communications Services Corporation (HKG:0552) has announced the results of its H share rights issue and domestic share rights issue, raising HK$3.677 billion.

As at 4:00 p.m. on 1 February 2012, being the latest time for acceptance of and payment for the H rights shares and application for the excess H rights shares, (a) valid acceptances in respect of 380.5 million H rights shares provisionally allotted under the H share rights issue have been received, and (b) valid applications for 770.6 million excess H rights shares have been received. In aggregate, valid acceptances and applications in respect of 1.151 billion H rights shares, representing 288.83% of the total number of H rights shares available under the H share rights issue, have been received. The H share rights issue became unconditional at 5:00 p.m. on 6 February 2012. Dealings in the H rights shares, in their fully-paid form, are expected to commence on the Hong Kong Stock Exchange at 9:00 a.m. on 10 February 2012.

As of 1 February 2012, being the latest time for acceptance of and payment for the domestic rights shares, all the domestic rights shares allotted pursuant to the domestic share rights issue have been subscribed for.

On 13 January 2012, China Communications Services proposed a rights issue of 398.57 million H shares at HK$3.19 per H share and a rights issue of 755.766 million domestic shares at RMB2.59 per domestic share. Both rights issues are on the basis of 1 rights share for every 10 share held.