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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.