HKBN Receives Acquisition Proposal from China Mobile

HKBN (HK:1310) has released an update.

HKBN Ltd. has received non-binding proposals from China Mobile Hong Kong for a potential cash offer to acquire all its issued shares not already owned by China Mobile and its affiliates. The discussions are ongoing regarding the terms, including the proposed price per share. Investors should note that the offer period has commenced as of November 20, 2024.

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