China Mobile confirms adjusted offer price for HKBN shares

China Mobile Hong Kong Company Limited (CMHK) has issued an announcement confirming the adjusted offer price for all outstanding shares of HKBN Ltd (HKEX: 1310) following recent news reports with potentially inaccurate information. The offer, made through China International Capital Corporation Hong Kong Securities Limited, is now HK$5.075 per share and HK$5.075 per unvested restricted share unit (RSU), reflecting the deduction of the HK$0.155 per share 2025 Interim Dividend. CMHK highlights that the 2024 Final Dividend is not deducted from the offer price. The offer represents a premium of 42.76% over the undisturbed closing price and has the support of key shareholders including TPG Wireman and Canada Pension Plan Investment Board. CMHK asserts the Offeror has been making very positive progress in satisfying the remaining Pre-Conditions, and expects to provide a substantive update in the Offeror's next monthly update to the Shareholders and investors of the Company.