Pudong

China Mobile Falls on Pudong Bank Investment Concern (Update3)

March 7, 2010 By investing Leave a Comment

China Mobile Falls on Pudong Bank Investment Concern (Update3)
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.

China Mobile may invest in Pudong Bank

March 1, 2010 By investing Leave a Comment

China Mobile may invest in Pudong Bank
HONG KONG: China Mobile Communications Corp may buy 20 per cent of Shanghai Pudong Development Bank Co for about 40 billion yuan (100 yuan = RM49.93), according to a Guotai Junan Securities Co note yesterday that didn’t cite anyone. The phone company may buy 2.2 billion Pudong Bank shares for 17.82 yuan each, the broker said in the note, which didn’t specify whether it’s referring to the parent …