tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

HKBN Updates on Securities Amid China Mobile Acquisition Developments

Story Highlights
  • HKBN canceled 27,849 unvested restricted share units due to an employee’s departure.
  • China Mobile’s acquisition offer for HKBN is still subject to pre-conditions and may not proceed.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
HKBN Updates on Securities Amid China Mobile Acquisition Developments

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1