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China Mobile Hong Kong Advances in Acquisition of HKBN Ltd.

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China Mobile Hong Kong Advances in Acquisition of HKBN Ltd.

Confident Investing Starts Here:

HKBN ( (HK:1310) ) has issued an announcement.

China Mobile Hong Kong Company Limited, through China International Capital Corporation Hong Kong Securities Limited, is progressing with its pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd., excluding those already owned by the company and its associates. The company has made significant progress by obtaining approval from the State-Owned Assets Supervision and Administration Commission and engaging with other relevant PRC regulatory authorities. Additionally, it has proposed commitments to the Communications Authority to address concerns, which the CA considers sufficient, marking a significant step towards satisfying the pre-conditions for the offer.

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: 0.71%

Average Trading Volume: 4,049,014

Technical Sentiment Signal: Hold

Current Market Cap: HK$7.35B

Learn more about 1310 stock on TipRanks’ Stock Analysis page.

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