HKBN Ltd. has announced an update regarding the potential acquisition offer from China Mobile Hong Kong Company Limited. The offer involves a pre-conditional voluntary general cash offer, facilitated by China International Capital Corporation Hong Kong Securities Limited on behalf of China Mobile. This proposal aims to acquire all issued shares of HKBN Ltd. The announcement follows a series of communications from both companies, with China Mobile having released several updates concerning the offer since December 2024. The latest developments continue to outline the conditions and progress of this acquisition proposal.
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