HKBN (01310) surged over 20% during afternoon trading, rising 19.52% to HK$7.47 with trading volume reaching HK$468 million as of press time.

On the news front, China Mobile Hong Kong Limited officially completed its mandatory offer for Hong Kong Broadband Network Limited on September 17, acquiring a combined 78.08% stake in HKBN. The transaction involved approximately HK$5.9 billion and resulted in China Mobile gaining control of HKBN. Following the completion of the deal, HKBN will become an indirect subsidiary of CHINA MOBILE, while maintaining its existing business structure, employee team, and fixed assets unchanged.

Additionally, according to announcements, Yonyou has partnered with HKBN Enterprise Solutions to provide digital intelligence solutions for Hong Kong enterprises. Through Yonyou's YonSuite platform, companies can integrate core functions including finance, human resources, and supply chain management, achieving seamless integration of data flow and business processes to enhance operational efficiency. This initiative aims to help enterprises address system fragmentation issues, achieve digital transformation, and establish a solid data foundation for the AI era.