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HKBN ( (HK:1310) ) has shared an announcement.
China Mobile Hong Kong Company Limited, through its financial adviser China International Capital Corporation Hong Kong Securities Limited, has announced a pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd. that are not already owned by it. The offer has received approval from the National Development and Reform Commission, marking a significant step forward in the acquisition process. However, other pre-conditions, including approval from the Ministry of Commerce, remain pending. The company will provide further updates as the process progresses.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$3.70 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: 0.30%
Average Trading Volume: 3,009,290
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.34B
See more insights into 1310 stock on TipRanks’ Stock Analysis page.