Private capitalists generally welcome opportunities to invest in state-controlled industries because of the massive upside potential that can be realised through market-driven reforms.
In reality, however, many investors choose not to take these opportunities as they do not always translate into investment gains -- at least in the short-to-medium term.
It is a conundrum that will likely gnaw away at the minds of private investors as they are invited in the coming weeks to buy shares in the world’s largest telecom tower operator.
China Tower Corporation CTC is likely to launch an initial public offering in Hong Kong this week....
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