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HKBN ( (HK:1310) ) has shared an announcement.
China Mobile Hong Kong Company Limited has entered into a share purchase agreement to acquire a significant stake in HKBN Ltd. from Twin Holding Ltd. This acquisition involves 213,570,097 shares, representing approximately 14.44% of HKBN’s issued share capital, for a total consideration of HK$1,083,868,242.28. Upon completion, China Mobile Hong Kong will own nearly 29.90% of HKBN, enhancing its influence and positioning within the telecommunications sector.
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: 1.32%
Average Trading Volume: 2,087,409
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.39B
Find detailed analytics on 1310 stock on TipRanks’ Stock Analysis page.