China Unicom share trading to remain suspended after deal announcement

HONG KONG, Aug 17 (Reuters) - Shares in telecoms group China Unicom's Shanghai and Hong Kong listed units would remain suspended, even a day after the group announced raising of $11.7 billion from about a dozen investors including Alibaba Group and Tencent Holdings.

The group's Hong Kong arm, China Unicom Hong Kong, and the Shanghai unit, China United Network Communications Ltd , said in separate notices on Thursday that trading in their shares would remain halted until further notice.

They did not give any reason for the move.

Trading in shares of the two listed units of China Unicom were expected to resume on Thursday, a day after the fund raising was announced as part of Beijing's push for state-owned enterprises to be revitalised with private capital.

China United Network Communications, the Shanghai-listed unit whose shares will be issued to investors for fund raising, told the exchange that trading in its shares would remain suspended for up to three days pending announcement.

China United Network had posted the fund raising announcement on the Shanghai stock exchange late on Wednesday, but it was withdrawn later in the day and has not been reposted yet. The company did not give any reason for the withdrawal.

Representatives at China Unicom's Hong Kong and Shanghai units did not immediately respond to Reuters request for comment.

The Chinese government is seeking to rejuvenate state behemoths with private capital, with China Unicom among the first batch of state-owned enterprises slated for the mixed-ownership reforms, whose guidelines were issued in 2015.

(Reporting by Sumeet Chatterjee, Chyen Yee Lee and Sijia Jiang; Editing by Michael Perry)