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Far EasTone Approves Investment from China Mobile

China Securities News, 6/17/09

Taiwanese mobile operator Far EasTone approved China Mobile's (NYSE: CHL; 0941.HK) purchase of a 12% stake in Far EasTone at its June 16 shareholders meeting. China Mobile plans to establish a wholly-owned indirect subsidiary in Taiwan in order to handle ongoing equity transactions.

Editor's Note: For more on the China Mobile - Far EasTone deal, please see "China Mobile to Purchase Stake in Taiwanese Operator", MD, 4/29/09 issue.

Keywords: 0941.HK China Mobile CHL Far EasTone operator Taiwan wireless investment overseas

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