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China Mobile’s Acquisition Offer for HKBN Becomes Unconditional

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China Mobile’s Acquisition Offer for HKBN Becomes Unconditional

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An announcement from HKBN ( (HK:1310) ) is now available.

China Mobile Hong Kong Company Limited, through its financial advisor China International Capital Corporation Hong Kong Securities Limited, has made a voluntary general conditional cash offer to acquire all issued shares of HKBN Ltd. that it does not already own. The offer has become unconditional as China Mobile has received valid acceptances representing approximately 40.80% of all issued shares, bringing its total holding to about 70.70%. The offer remains open for acceptance until September 17, 2025.

The most recent analyst rating on (HK:1310) stock is a Hold with a HK$5.00 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: 2.74%

Average Trading Volume: 2,930,849

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.47B

See more insights into 1310 stock on TipRanks’ Stock Analysis page.

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