China Mobile Hong Kong Provides Update on Acquisition Efforts for Remaining Shares in HKBN Ltd

Reuters

2025/06/09

China Mobile Hong Kong Provides Update on Acquisition Efforts for Remaining Shares in <a href="https://laohu8.com/S/HKBNF">HKBN Ltd</a>

China Mobile Hong Kong Company Limited has provided an update on its pre-conditional voluntary cash offer to acquire all issued shares in HKBN Ltd. that it does not already own. The company reported that it is making positive progress with the necessary regulatory approvals, having already obtained clearance from the State-Owned Assets Supervision and Administration Commission of the State Council. Additionally, China Mobile Hong Kong is actively engaging with other relevant Chinese regulatory bodies and the Communications Authority. Following constructive discussions with the Communications Authority, the company has proposed commitments to address any concerns, which the Authority has indicated it intends to accept. The update follows previous announcements made in December 2024 regarding the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HKBN Ltd. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.

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The company reported that it is making positive progress with the necessary regulatory approvals, having already obtained clearance from the State-Owned Assets Supervision and Administration Commission of the State Council. Additionally, China Mobile Hong Kong is actively engaging with other relevant Chinese regulatory bodies and the Communications Authority. Following constructive discussions with the Communications Authority, the company has proposed commitments to address any concerns, which the Authority has indicated it intends to accept. The update follows previous announcements made in December 2024 regarding the transaction.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HKBN Ltd. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0261","symbol_name":"媒體","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDL8Q2jgJ:1","article_id":"2542072568","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542072568","pubTimestamp":1749461506,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China Mobile Hong Kong Company Limited has provided an update on its pre-conditional voluntary cash offer to acquire all issued shares in HKBN Ltd. that it does not already own. 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The company reported that it is making positive progress with the necessary regulatory approvals, having already obtained clearance from the State-Owned Assets Supervision and Administration Commission of the State Council. Additionally, China Mobile Hong Kong is actively engaging with other relevant Chinese regulatory bodies and the Communications Authority. Following constructive discussions with the Communications Authority, the company has proposed commitments to address any concerns, which the Authority has indicated it intends to accept. The update follows previous announcements made in December 2024 regarding the transaction.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HKBN Ltd. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}