HKBN (1310) Announces HK$10.75 Billion Syndicated Loan with Optional Extension and Potential Mandatory Prepayment
Bulletin Express
Nov 01
On 31 October 2025, HKBN (Stock Code: 1310) secured a syndicate-backed term loan facility totaling HK$10.75 billion. The loan matures 364 days after the initial drawdown, with the option to extend the maturity twice by 24 months each, subject to certain conditions.
Under the facility’s terms, if China Mobile Hong Kong Company Limited (CMHK) and its affiliates—currently holding approximately 74.84% of HKBN’s issued share capital—cease to hold more than 50% of HKBN’s voting ordinary shares, any lender may cancel its commitment and request full repayment of its portion of the outstanding loans. HKBN will make continued disclosures in forthcoming interim and annual reports, adhering to the relevant listing regulations.
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