HKBN ( (HK:1310) ) has issued an announcement.
China Mobile Hong Kong Company Limited has entered into a Share Purchase Agreement with TPG Wireman, L.P. to acquire shares in HKBN Ltd. This acquisition involves purchasing 144,966,345 shares, representing approximately 10.39% of HKBN’s issued share capital, along with converting and acquiring Vendor Loan Note Conversion Shares, which will result in China Mobile owning approximately 15.46% of HKBN’s enlarged issued share capital. This strategic move is expected to enhance China Mobile’s market position and influence within the telecommunications sector, potentially impacting stakeholders by increasing China Mobile’s shareholding and control over HKBN.
More about HKBN
Technical Sentiment Signal: Buy
Current Market Cap: $894.7M
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