China Mobile progresses with HKBN acquisition offer
China Mobile Hong Kong Company Limited (CMHK) announced positive progress in its pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd (HKEX:1310), excluding those already held by CMHK and its affiliates. CMHK has already obtained approval from the State-Owned Assets Supervision and Administration Commission of the State Council. Following constructive engagement with the Communications Authority (CA), CMHK has proposed commitments to address concerns, which the CA considers sufficient. The CA is currently seeking representations from industry stakeholders on its proposed acceptance of CMHK's commitments, with a deadline of June 13, 2025. CMHK is actively engaging with the CA and will provide updates on key developments. The company is in the process of preparing the Offer Document.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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