China Mobile buys stake in Shanghai bank

    April 16, 2010 | BY

    clpstaff &clp articles

    China Mobile, the PRC telecoms giant, has acquired a 20% stake in Shanghai Pudong Development Bank (SPD Bank) for Rmb39.8 billion (US$5.8 billion). China…

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    China Mobile, the PRC telecoms giant, has acquired a 20% stake in Shanghai Pudong Development Bank (SPD Bank) for Rmb39.8 billion (US$5.8 billion). China Mobile will buy 2.21 billion new