HKBN updates securities amid China Mobile takeover uncertainty

HKBN Ltd. (HKEX:1310) announced an update on its relevant securities in accordance with Rule 3.8 of the Takeovers Code. On May 9, 2025, the company cancelled 4,096 unvested restricted share units under its Amended and Restated Co-Ownership Plan IV, effective April 30, 2025, due to an employee resignation. As of the announcement date, HKBN has 1,478,921,568 shares issued and 11,781,813 unvested restricted share units outstanding, with rights to subscribe for the same number of new shares. The company reminded shareholders and potential investors that the China Mobile Offer remains subject to pre-conditions, waivers, and long stop dates, as detailed in prior announcements, therefore the offer's outcome is uncertain. HKBN advises shareholders to exercise caution and seek professional advice.