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HKBN Ends Offer Period as I Squared Asia Withdraws Acquisition Plans

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HKBN Ends Offer Period as I Squared Asia Withdraws Acquisition Plans

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The latest update is out from HKBN ( (HK:1310) ).

HKBN Ltd. announced the end of the offer period for a potential acquisition by I Squared Asia Advisors Pte Ltd., as the latter decided not to proceed with acquiring 100% of HKBN’s outstanding shares. This decision impacts HKBN’s immediate market positioning, as no new offers or acquisitions can be initiated by I Squared Asia or its associates for at least six months, according to 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 incorporated in the Cayman Islands, focusing on providing broadband internet, communication, and related services in Hong Kong.

YTD Price Performance: 0.91%

Average Trading Volume: 2,883,046

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.37B

Find detailed analytics on 1310 stock on TipRanks’ Stock Analysis page.

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