tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

China Mobile Hong Kong Updates on HKBN Acquisition Offer

Story Highlights
China Mobile Hong Kong Updates on HKBN Acquisition Offer

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest announcement is out from HKBN ( (HK:1310) ).

China Mobile Hong Kong Company Limited has announced a progress update on its pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd., excluding those already owned by China Mobile and its affiliates. The offer is contingent upon satisfying certain pre-conditions, including regulatory approvals, which have mostly been obtained except for a few outstanding conditions. The company is actively engaging with the Communications Authority to meet these conditions and plans to update the market on key developments. The deadline for dispatching the Offer Document has been extended, with preparations underway to finalize the necessary information.

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: 2,168,965

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.38B

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1