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HKBN ( (HK:1310) ) has shared an announcement.
China Mobile Hong Kong Company Limited has announced that it has received approval from the Ministry of Commerce for its pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd., excluding those already owned by it and its concert parties. This approval marks the fulfillment of all regulatory requirements, with only a few pre-conditions remaining outstanding. The acquisition is expected to impact HKBN’s operations and market positioning, as further announcements will be made regarding the status of the offers and the dispatch of the offer document.
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: 1.11%
Average Trading Volume: 2,913,514
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.38B
See more data about 1310 stock on TipRanks’ Stock Analysis page.