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HKBN Ltd. Updates on Share Conversion and Acquisition Offer

Story Highlights

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

HKBN Ltd. announced the conversion of Vendor Loan Notes held by TPG into shares, resulting in TPG holding approximately 15.46% of the company’s total shares. This development is part of ongoing corporate activities involving a potential acquisition offer by China Mobile, which has been delayed but remains a significant factor in HKBN’s strategic positioning and market dynamics.

More about HKBN

HKBN Ltd. is a telecommunications company incorporated in the Cayman Islands, primarily offering broadband internet, data connectivity, and other telecom services. The company operates in the Hong Kong market, focusing on providing high-speed internet and related services to both residential and enterprise customers.

Technical Sentiment Signal: Buy

Current Market Cap: $921.9M

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

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