China Mobile CHL

Discussion in 'Stock Market Today' started by John Sanders, Feb 11, 2021.

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  1. John Sanders

    John Sanders New Member

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    Does anyone still own it, and what have you done with it? I still own 450 shares and it was delisted sometime ago in January, and it seems my only options are to wait for the government to do something, which may not happen, or attempt to convert the ADRs to regular Hong Kong shares and then sell it through an overseas brokerage account and I have never done anything like that before. I did not receive the dividend payment in January.

    Also, how do I even determine its value now? Here is what I got if, 1ADR= 5 HK shares, 5HK shares x 46.85HK dollars(current price)=234.25

    234.25 x .13( currency conversion)= $30.45 per share


    Any thoughts or help from anyone on this would really be appreciated.
     
    #1 John Sanders, Feb 11, 2021
    Last edited: Feb 11, 2021
  2. StockJock-e

    StockJock-e Brew Master
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    I have no idea. This is something you may need to call the broker that is holding this.

    If the shares are really low, it might not even be worth the effort because of transfer fees.
     
  3. John Sanders

    John Sanders New Member

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    StockJock- Yeah I have talked to their representatives and they have nothing insightful to add whatsoever, their only suggestions are to just wait or transfer overseas but no advice on how to do that, it's a tough situation.
     
  4. Rustic1

    Rustic1 Well-Known Member

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    The reason I dont fool with ADRs of any type.
    Hope it ends well, interested in the results.
     

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