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China Mobile Hong Kong Advances Acquisition of HKBN Shares

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China Mobile Hong Kong Advances Acquisition of HKBN Shares

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HKBN ( (HK:1310) ) has shared an update.

China Mobile Hong Kong Company Limited is proceeding with the acquisition of shares in HKBN Ltd. from TPG Wireman, L.P. The acquisition involves the conversion of a Vendor Loan Note into shares, which is expected to be completed by April 24, 2025. The completion of this transaction is not contingent upon any other conditions, and both parties intend to finalize the acquisition as soon as practicable. The agreement includes provisions for termination under specific circumstances, ensuring both parties have recourse if obligations are not met.

More about HKBN

Technical Sentiment Signal: Buy

Current Market Cap: $911.9M

For detailed information about 1310 stock, go to TipRanks’ Stock Analysis page.

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