March 10 (Bloomberg) -- China Mobile Ltd. said its Guangdong Mobile unit agreed to subscribe for 2.2 billion A shares in Shanghai Pudong Development Bank for 39.8 billion yuan, giving it a 20 percent stake in the company.
China Mobile will become Shanghai Pudong’s second-largest shareholder, according to a statement the phone carrier filed to the Hong Kong stock exchange today.
Link to Statement:{NSN KZ251H3PR6RK
Link to Company News:{600000 CH
