Ge Long Hui·2025-10-17 10:51Core Viewpoint - China Mobile announced the exercise of conversion rights for its holdings in Shanghai Pudong Development Bank's convertible bonds, indicating a strategic move to increase its equity stake in the bank [1] Group 1: Conversion Details - China Mobile will convert a total face value of RMB 1.874 billion of Shanghai Pudong Development Bank's A-share convertible bonds at a conversion price of RMB 12.51 per share, resulting in approximately 149,805,835 shares [1] - Prior to the conversion, China Mobile held 5,785,049,012 shares of Shanghai Pudong Development Bank, representing about 17.80% of the bank's issued share capital [1] - Following the conversion, China Mobile's total holdings will increase to approximately 5,934,854,847 shares, which will account for about 18.15% of the bank's enlarged issued share capital, subject to adjustments due to settlement and clearing [1]