HKBN Ltd. Announces Internal Dealings: J.P. Morgan Securities PLC Issues and Closes Derivatives Related to Commercial Paper
HKBN Ltd. has disclosed securities dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On 26 May 2025, J.P. Morgan Securities PLC issued derivatives related to HKBN Ltd., with maturity on 16 January 2029. The transactions involved 300 reference securities, totaling a payment of $1,535.91. Additionally, a derivative contract was closed out involving 31,000 reference securities on 28 April 2026, resulting in a payment of $157,888.86. J.P. Morgan Securities PLC, a Class (5) associate connected with the Offeree company, conducted these dealings for its own account and is ultimately owned by JPMorgan Chase & Co.
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