Unicom's first-mover effort is unprecedented, and the investment funds of 75 billion yuan in half a month are all in place.

According to reports, since the state announced the company's reforms, China Unicom's first trial of water reform, after the mixed reform, China Unicom can be said that the third quarter performance all the way. The first knife after the reform is also unprecedented in strength. Only half a month's investment of 75 billion yuan will be in place.

According to relevant media reports, recently, China Unicom's strategic investors have completed their cash subscriptions. This is less than half a month after China Unicom received the official approval document from the China Securities Regulatory Commission on October 13. It is far below the maximum non-public issuance period of 6 months. According to industry insiders, strategic investors such as China Life Insurance, Tencent, Baidu, Jingdong, Ali, Suning, Guangqi, Huaihai Ark, Xingquan Fund, and Structural Adjustment Fund have invested nearly 75 billion yuan in real money in a short period of time. His confidence in the prospects of China Unicom's mixed reforms.

According to the previous mixed reorganization plan issued by China Unicom, the company intends to issue no more than 9.037 billion shares to strategic investors, raising no more than approximately 61.725 billion yuan; The company has approximately 1.000 billion shares and the transfer price is approximately 12.975 billion yuan; the two total prices are approximately 74.7 billion yuan.

Unicom's first-mover effort is unprecedented, and the investment funds of 75 billion yuan in half a month are all in place.

In addition, China Unicom also plans to grant no more than 848 million restricted stocks to the core employees for the first time, raising no more than about 3.213 billion yuan.

As the only central enterprise in the first batch of mixed reform pilots, China Unicom is also the world's first "telecom operator + Internet giant" strategic integration pilot test, China Unicom this mixed change has been receiving much attention.

At present, China Unicom has taken substantial steps in the process of mixed reform, and the internal "reform" work of China Unicom is also intensive and efficient:

——The first step is to change the organization. Since China Unicom started the “slimming and healthy body” organization on September 6th, the provincial company is expected to reduce the project by 26% and the staffing level by 50.14%. All the previous streamlining work was completed, requiring the provincial company management department to reduce by an average of 26%. The reform of the "first knife" can be described as unprecedented.

—— The second step is “small contracting”. While substantially streamlining the organization, Unicom has simultaneously carried out a small contracting reform aimed at stimulating the vitality of the grassroots units, enabling tens of thousands of front-line employees to be directly responsible for resources and incentives. The small “CEO” that is not capped provides a platform for entrepreneurs to create more wealth for the frontline employees.

——The third step is “can go up and down”. In the marketization of cadres, China Unicom is the first in the industry to break the traditional practice of “taking money and not working” for the non-leaders who are transferred to the post. The method of demolition and subtraction of monks and temples will be implemented to eliminate 5% of management personnel, and the cadres will be able to move up and down. This series of actions is actually accelerating the pace of China Unicom's market-oriented operation.

In the latest financial report released by Unicom in recent days, China Unicom's third-quarter results have been all the way. In the first three quarters, the net profit attributable to the parent company of Unicom is expected to increase by 168.4% year-on-year, and the growth rate of main business income will increase from 3.2% in the first half to 4.1%. Driven by the innovative development model of BATJ Internet giants, China Unicom's net monthly net increase in subscribers and net additions of 4G subscribers in September reached a new high this year.

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