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HKBN ( (HK:1310) ) has shared an announcement.
HKBN Ltd. has issued a response document regarding a voluntary conditional general cash offer made by China Mobile Hong Kong Company Limited to acquire all issued shares of HKBN, excluding those already owned by China Mobile and its affiliates. The response document, which includes recommendations from the Independent Board Committee and advice from the Independent Financial Adviser, will be dispatched to disinterested shareholders. The offer’s completion is contingent upon certain conditions being met, and stakeholders are advised to exercise caution and consult professional advisers.
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. is a company incorporated in the Cayman Islands, operating in the telecommunications industry. It is primarily involved in providing broadband internet, telecommunications, and related services.
YTD Price Performance: 2.33%
Average Trading Volume: 2,279,966
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.47B
See more insights into 1310 stock on TipRanks’ Stock Analysis page.