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HKBN ( (HK:1310) ) just unveiled an announcement.
HKBN Ltd. announced the resignation of Ms. Shengping Yu as a Non-executive Director following the sale of Twin Holding Ltd’s shares to China Mobile Hong Kong Company Limited, reducing Twin Holding’s stake in HKBN to 1.02%. This change is part of a broader acquisition strategy by China Mobile, which previously announced a voluntary general cash offer to acquire all issued shares of HKBN. The resignation was approved under the Takeovers Code, and Ms. Yu confirmed no disagreements with the board.
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
HKBN Ltd. is a telecommunications company incorporated in the Cayman Islands, primarily focused on providing broadband internet services and telecommunications solutions. The company is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 2.33%
Average Trading Volume: 2,279,966
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.47B
See more data about 1310 stock on TipRanks’ Stock Analysis page.