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Opinion: why China Mobile must come clean

March 09, 2010  

From Aaron Pan

The world’s largest mobile telecoms operator should divulge the real reasons behind its plan to buy a stake in Shanghai Pudong Development Bank or risk seeing billions more being wiped off its market capitalisation.

China Mobile’s reasoning for seeking to buy a stake in a Shanghai Pudong Development Bank has failed to win over shareholders and analysts so far.

Quite why is a mobile telecommunications operator wants to buy a holding in a...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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