An announcement from HKBN ( (HK:1310) ) is now available.
China Mobile Hong Kong Company Limited has made a pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd., aiming to strengthen its market position in the telecommunications sector. The company is actively working to meet the necessary pre-conditions for the offer and has received an extension for the deadline to dispatch the Offer Document, indicating ongoing efforts to finalize the acquisition process.
More about HKBN
HKBN Ltd. operates in the telecommunications industry, providing a range of broadband, mobile, and other related services in Hong Kong. It focuses on offering comprehensive communication solutions to its consumer and enterprise markets.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $884.1M
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