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HKBN Skyrockets 65% to 3-Yr High Amid Heavy Trading; Shr Offer Closes w/ 48.18% Valid Acceptance
2025-09-18 10:09:39 After opening only 0.4% higher this morning (18th) at HKD5.14, HKBN (01310.HK) ignited its engines in early trading. It last soared by 64.65% to an immediate peak of HKD8.43, its highest since August 2022, with a trading volume surging to 76.4302 million shares, involving HKD542 million. The offeror, China Mobile Hong Kong, announced after market close yesterday (17th) that the share offer was closed at 4:00 pm without any revision or extension by the offeror. The offeror had received valid acceptances in respect of nearly 713 million shares under the share offer, representing around 48.18% of all issued shares. Taking into account the acceptance shares (subject to the completion of the transfer of these acceptance shares to the offeror); and the 442 million shares already acquired by the offeror under the TPG Share Purchase Agreement and the MBK Share Purchase Agreement representing around 29.9% of all issued shares, the offeror and parties acting in concert with it are interested in an aggregate of 1.155 billion shares, representing around 78.08% of all issued Shares. ~ AAStocks Financial News Web Site: www.aastocks.com | |