HKBN Ltd. Updates on Potential China Mobile Acquisition

HKBN ( (HK:1310) ) has issued an announcement.

HKBN Ltd. has announced updates related to the potential acquisition by China Mobile Hong Kong Company Limited, which involves a pre-conditional voluntary general cash offer. The announcement highlights the cancellation of certain unvested restricted share units due to an employee resignation and reminds associates to disclose dealings in relevant securities. The outcome of the China Mobile offer remains uncertain as it is contingent upon the fulfillment of specific pre-conditions and conditions.

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. operates in the telecommunications industry, providing broadband internet, data connectivity, and related services primarily in Hong Kong. The company focuses on delivering high-speed internet and network solutions to residential and enterprise customers.

YTD Price Performance: 0.20%

Average Trading Volume: 4,756,081

Technical Sentiment Signal: Hold

Current Market Cap: HK$7.54B

For an in-depth examination of 1310 stock, go to TipRanks’ Stock Analysis page.