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China Mobile to pay $5.83 billion for SPD Bank stake--FILE-- Local residents walk past a branch of Shanghai Pudong Development (SPD) Bank in Shanghai, China, November 8, 2009. China Mobile Ltd. said Wednesday (March 10, 2010) it has conditionally agreed to buy a 20% stake in Shanghai Pudong Development Bank Co. for 39.80 billion yuan ($5.83 billion). The state-controlled telecom company said in a filing to the Hong Kong Stock Exchange Wednesday it plans to buy 2.21 billion shares at 18.03 yuan a piece through its wholly-owned subsidiary Guangdong Mobile, becoming the second-largest shareholder in the bank after Shanghai International Group and its affiliates. The planned purchase represents a 13% discount to the Pudong Banks last traded price of 20.74 yuan on Feb. 25. ( automatický překlad do češtiny ) ( zobrazit originální popisek v angličtině ) | ||
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