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China Mobile Takes $5.8 Billion in Pudong Bank (New York Times)

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It will subscribe to 2.2 billion Pudong bank shares at 18.03 yuan each, representing a discount of about 13 percent to the closing price of the bank’s shares on Feb. 25, China Mobile said in a statement to the Hong Kong exchange. (read the story…) Related items China Mobile Falls on Pudong Bank Investment Concern (Update3) (Bloomberg) China...
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China Mobile buys bank stake (Straits Times)

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HONG KONG – PHONE giant China Mobile said Wednesday it will pay about US$5.8 billion (S$8.11 billion) for a 20 per cent stake in Shanghai Pudong Development Bank as part of its bid to enter the wireless banking market. Hong Kong-listed China Mobile, the world’s largest phone operator by market value, said it will...
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China Mobile Falls on Pudong Bank Investment Concern (Update3) (Bloomberg)

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March 4 (Bloomberg) — China Mobile Ltd. fell in Hong Kong trading on concern the world’s biggest phone company by value is deviating from its main business by considering an investment in Shanghai Pudong Development Bank Co. (read the story…) Related items China Mobile Takes $5.8 Billion in Pudong Bank (New York Times) China Mobile Shares Fall on...
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China Mobile Shares Fall on Pudong Bank Purchase Plan Concern (Bloomberg)

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March 4 (Bloomberg) — China Mobile Ltd. shares fell in Hong Kong trading on concern the world’s biggest phone company by value is deviating from its main business by considering an investment in Shanghai Pudong Development Bank Co. (read the story…) Related items China Mobile Takes $5.8 Billion in Pudong Bank (New York Times) China Mobile Falls on...
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China Mobile Shares May Fall on Pudong Bank Stake Purchase Plan (Bloomberg)

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March 4 (Bloomberg) — China Mobile Ltd. shares may fall in Hong Kong trading on concern the world’s biggest phone company by value is deviating from its main business by considering an investment in Shanghai Pudong Development Bank Co. (read the story…) Related items China Mobile Takes $5.8 Billion in Pudong Bank (New York Times) China Mobile Falls...
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