Mobile shares in Pudong send out the approval

Xinhua News (reporter Zhao) yesterday, Pudong issued a bank bulletin, the company Non-public issue a shares application by the SFC has the conditions to pass. The SFC approves that Pudong FA Bank shall not issue more than 2.87 billion shares in private, which is valid within six months from the date of approval of the issue. After the completion of the issue, Guangdong Mobile will hold a 20% per cent stake in Pudong Bank and become the second largest shareholder of Pudong FA Bank.　　So far, China Mobile shares Pudong has gone through the approval process. Although the previous PU Hair said, the two sides will sign a business-level framework cooperation agreement next month, three months ahead of schedule, however, the study of GF Securities believes that the mobile shares of Pudong hair, the immediate solution is Pudong financing problems, capital issues, immediately reflected in the mobile and Pudong cooperation to produce performance effect is not so fast.