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HKBN ( (HK:1310) ) has shared an update.
China Mobile Hong Kong Company Limited has announced the closure and results of its voluntary general cash offer to acquire all issued shares of HKBN Ltd., excluding those already owned by China Mobile and its concert parties. The offer concluded with China Mobile acquiring approximately 48.18% of the shares through valid acceptances, bringing its total interest to 78.08% of all issued shares. This acquisition significantly strengthens China Mobile’s position in the telecommunications market, potentially impacting stakeholders by consolidating its market presence and influence.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on HKBN stock, see the HK:1310 Stock Forecast page.
More about HKBN
YTD Price Performance: 2.94%
Average Trading Volume: 3,224,711
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.51B
For an in-depth examination of 1310 stock, go to TipRanks’ Overview page.