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Desire Petroleum's shares rocketed up by 46 per cent in early trading immediately after the announcement, and closed up 24.76 per cent at 132.25p last night.
Prior to the trading interruption, China Mobile was down 3.8%, to 125.10 Hong Kong dollars ($16.04), while the smaller telecoms were all up impressively: China Unicom shares leapt by 11.9%, to 18.48 Hong Kong dollars ($2.34); China Netcom similarly rocketed, up by 12.5%, to 27.05 Hong Kong dollars ($3.47); China Telecom gained 7.0%, to 5.67 Hong Kong dollars (73 cents).
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In the UK the issue has rocketed up the political agenda, in part by the explosion of startups emerging from the country.
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CEO of Professional Science Editing for Scientists @ prosciediting.com