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HKBN ( (HK:1310) ) has provided an update.
China Mobile Hong Kong Company Limited, through its financial adviser China International Capital Corporation Hong Kong Securities Limited, is pursuing a pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd., excluding those already owned by the company or its affiliates. The progress of this acquisition involves engaging with relevant authorities to satisfy pre-conditions, and the deadline for issuing the Offer Document has been extended. The Offeror is actively preparing and finalizing the necessary information for the Offer Document, with further updates to be announced in compliance with regulatory requirements.
More about HKBN
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $868.3M
Learn more about 1310 stock on TipRanks’ Stock Analysis page.