HKBN takeover discussions with I Squared Asia ongoing

HKBN Ltd. [HKEX:1310] announced that discussions and negotiations with I Squared Asia Advisors Pte Ltd. regarding a possible separate offer for the company are ongoing, with no definitive view reached and no legally binding agreement in place, according to an announcement released May 2, 2025. I Squared Asia Advisors informed HKBN that any definitive offer will be subject to internal approvals from the parent company of HGC Global Communications Limited and I Squared Asia Advisors Pte Ltd. The company stressed that there's no assurance that I Squared Asia or HGC Global Communications will make the possible separate offer. Shareholders are advised to exercise caution when dealing in the company's securities. This announcement is made pursuant to Rule 3.7 of the Takeovers Code, and HKBN will provide monthly updates on the progress of the possible separate offer.