China Unicom (CHU) -3.7% in Hong Kong trading after announcing it added a net 2.73M 3G...

|About: China Unicom (Hong Kong)... (CHU)|By:, SA News Editor

China Unicom (CHU) -3.7% in Hong Kong trading after announcing it added a net 2.73M 3G subscribers in May, a 6.6% decrease in subscriber growth from April. Analysts attributed the results to weaker consumer spending. The news prompted BofA to cut the company’s 2012 net income forecast by 18%.