Pudong Bank issued 2.87 billion new shares approved by SFC

NetEase Finance September 27, Pudong Bank issued a Monday evening announcement that the CSRC has approved the company's non-public offerings of not more than 2.87 billion shares. Pudong Bank said the company received an official approval from the CSRC on September 26, approving the company to issue no more than 2,869,764,833 shares in private.　　The official reply shall be valid for 6 months from the date of approval of the issue.　　March 30, 2010, the bank's private issue of A shares of the bill was approved by the Bank shareholder meeting. On March 19, China Mobile announced that its wholly owned subsidiary, Guangdong Mobile, had signed a share subscription agreement with Pudong FA Bank.　　On the same day, China Mobile and Pudong Development Bank signed a Memorandum of strategic cooperation, the two sides intend to jointly develop mobile finance and mobile e-commerce cooperation, including but not limited to cooperation in the implementation of mobile payment business, mobile banking card business, mobile transfer business and other forms of mobile finance and mobile E-commerce business. August 19, Mobile chairman Wang Wang said after the earnings announcement, the mobile shares of PU issue has been approved by SASAC and the CBRC, is awaiting the approval of the SFC.