HKBN Ltd. has disclosed internal dealings in its shares as per Rule 22 of the Hong Kong Code on Takeovers and Mergers. On May 13, 2025, J.P. Morgan Securities PLC engaged in transactions involving equity swaps to hedge Delta 1 products, driven by unsolicited client orders. The dealings included both purchases and sales, involving a total of 8,600 shares. These transactions were made for J.P. Morgan's own account, with the company being a Class (5) associate of the offeree company. J.P. Morgan Securities PLC is ultimately owned by JPMorgan Chase & Co.
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