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HKBN ( (HK:1310) ) just unveiled an update.
HKBN Ltd. announced the cancellation of 27,849 unvested restricted share units due to an employee’s departure, affecting the company’s securities structure. This update is part of the ongoing developments related to the potential acquisition offer by China Mobile Hong Kong Company Limited, which remains subject to pre-conditions and may not necessarily proceed. The announcement also reminds associates and intermediaries of their disclosure obligations under the Takeovers Code, highlighting the regulatory compliance required during such acquisition processes.
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 telecommunications company incorporated in the Cayman Islands, primarily engaged in providing broadband internet, data connectivity, and telecommunications services. The company focuses on delivering high-speed internet and network solutions to residential and enterprise customers in Hong Kong.
YTD Price Performance: 1.11%
Average Trading Volume: 2,189,097
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.39B
Find detailed analytics on 1310 stock on TipRanks’ Stock Analysis page.