FilingReader Intelligence

China Mobile offer for HKBN faces regulatory hurdles

March 27, 2025 at 10:05 PM UTCBy FilingReader AI

China Mobile Hong Kong Company Limited (CMHK) is actively pursuing its pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd., excluding those already held by CMHK and related parties. A key obstacle remains the satisfaction or waiver of certain pre-conditions. As of March 21, 2025, CMHK is engaging with relevant authorities, including the Communications Authority and the State-owned Assets Supervision and Administration Commission of the State Council, to meet these conditions. The company is preparing the offer document, with the deadline for its despatch extended to either seven days after the pre-conditions are met or waived, or December 5, 2025, whichever comes first. Shareholders are advised to exercise caution when dealing in shares, as the offer's completion remains uncertain.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:1310Hong Kong Exchange

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