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HKBN Announces Securities Update Amid Potential China Mobile Takeover

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HKBN Announces Securities Update Amid Potential China Mobile Takeover

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

HKBN Ltd. announced an update regarding its securities, noting the cancellation of 257,984 unvested restricted share units due to employee departures. This announcement is part of ongoing developments related to a potential takeover offer by China Mobile Hong Kong Company Limited, which has yet to be finalized and remains subject to certain conditions. Stakeholders are advised to stay informed about disclosure obligations related to the company’s securities under the Takeovers Code.

The most recent analyst rating on (HK:1310) stock is a Buy with a HK$3.30 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 based in Hong Kong, primarily providing broadband internet services, data connectivity, and other telecommunications solutions. The company is focused on delivering high-speed internet and related services to both residential and business customers in Hong Kong.

YTD Price Performance: 0.10%

Average Trading Volume: 4,112,678

Technical Sentiment Signal: Hold

Current Market Cap: HK$7.29B

See more data about 1310 stock on TipRanks’ Stock Analysis page.

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