HKBN Ltd. has announced the establishment of an independent board committee $(IBC.AU)$ and the appointment of an independent financial adviser in relation to the pre-conditional voluntary general cash offer by China Mobile Hong Kong Company Limited. The IBC, consisting of independent non-executive directors Ms. Ming Ming Anna Cheung and Ms. Kit Yi Kitty Chung, will provide recommendations to independent shareholders on the fairness and reasonableness of the China Mobile Offers. This step follows the initial announcement by China Mobile on December 2, 2024. The IBC's formation is a procedural step to ensure transparency and fairness in evaluating the offer.
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