Llinks Law Offices recently advised on the strategic cooperation and share acquisition of the Shanghai Pudong Development Bank. Citigroup, through its subsidiary, will acquire 5 per cent of the total subscribed capital of Shanghai Pudong Development Bank with the option of increasing its stake subject to regulatory approval in the future. The two banks will focus on the cooperation in relation to the credit card business. All documents in connection with the transaction were signed on December 31, 2002.