HKBN ( (HK:1310) ) just unveiled an update.
HKBN Ltd. announced the conversion of Vendor Loan Notes held by Twin Holding Ltd into shares, increasing Twin Holding’s stake to approximately 16.39% of the company’s total shares. This conversion is part of ongoing developments related to a possible acquisition offer by China Mobile, which may impact HKBN’s market positioning and shareholder dynamics.
More about HKBN
HKBN Ltd. operates in the telecommunications industry, providing broadband internet, data connectivity, and telecommunications services primarily in Hong Kong. The company focuses on delivering high-speed internet and related services to residential and enterprise customers.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $870.7M
See more insights into 1310 stock on TipRanks’ Stock Analysis page.