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HKBN ( (HK:1310) ) just unveiled an update.
HKBN Ltd. announced that China Mobile Hong Kong, its controlling shareholder, is placing 47,925,000 existing shares to independent third parties to restore the public float of the company as per the Hong Kong Stock Exchange’s requirements. This move is expected to adjust China Mobile Hong Kong’s stake to approximately 74.84% of the total issued shares, ensuring compliance with the minimum public float requirement, without impacting HKBN’s operations.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$7.00 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 and telecommunications services. The company focuses on delivering high-speed internet and communication solutions primarily in Hong Kong.
YTD Price Performance: 34.35%
Average Trading Volume: 12,878,803
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.81B
See more insights into 1310 stock on TipRanks’ Stock Analysis page.