FilingReader Intelligence
China Mobile Hong Kong acquires 14% HKBN stake
August 4, 2025 at 04:30 AM UTC•By FilingReader AI
China Mobile Hong Kong Company Limited agreed to purchase 213.6 million shares in HKBN Ltd. from Twin Holding Ltd. for HK$1.08 billion, or HK$5.075 per share.
The acquisition will increase China Mobile Hong Kong's ownership in HKBN to 29.90% from its current stake, while Twin Holding's stake will drop to 1.02%. Completion is set for August 8.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
HKEX:1310•Hong Kong Exchange
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