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HKBN ( (HK:1310) ) has shared an announcement.
HKBN Ltd. announced that its minimum public float requirement under the Hong Kong Listing Rules has been restored, after China Mobile Hong Kong’s voluntary general offer left the public shareholding temporarily below the mandated threshold. Following a reduction in shareholdings by the company’s core connected persons (excluding China Mobile Hong Kong) to about 0.09% of issued shares, approximately 25.07% of HKBN’s total issued share capital is now held by the public, bringing it back into compliance with the 25% minimum public float requirement. This restoration removes a regulatory overhang on HKBN’s listing status, stabilises its shareholder structure with China Mobile Hong Kong retaining roughly 74.84% control, and helps support ongoing trading liquidity and market confidence for minority investors.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$6.50 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 Hong Kong–listed telecommunications and broadband services provider, offering fixed-line, broadband and related connectivity services primarily to residential and enterprise customers in Hong Kong. The company operates in a highly regulated market under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, where maintaining a minimum level of public shareholding is essential for its continued listing and market liquidity.
YTD Price Performance: 2.76%
Average Trading Volume: 10,708,582
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$9.39B
Learn more about 1310 stock on TipRanks’ Stock Analysis page.