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The latest update is out from HKBN ( (HK:1310) ).
HKBN Ltd., a telecommunications company, is the subject of a pre-conditional voluntary general cash offer by China Mobile Hong Kong Company Limited. The offer is being facilitated by China International Capital Corporation Hong Kong Securities Limited, aiming to acquire all issued shares not already owned by China Mobile. The process is ongoing, with China Mobile actively engaging with regulatory authorities to satisfy pre-conditions. The offer document’s dispatch has been delayed, with a new deadline set, contingent on the satisfaction of pre-conditions.
More about HKBN
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $935.5M
Learn more about 1310 stock on TipRanks’ Stock Analysis page.