China Mobile in talks to buy broadband service provider HKBN

Quick Summary:

HKBN says its board received a proposal for a cash bid from China Mobile.

The Chinese carrier was willing to pay at least HK$5 per share for HKBN, which would amount to a bid of more than HK$6.5 billion, the reports said.

Discussions are ongoing and no agreement has been reached, it said.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Cent Mobile Company’s Reports Hong Offer Hkbn’s Shares Talks Hkbn China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 16:02:03 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 262 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23783446

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About SCMP

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Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

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Publisher ID: #42

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