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China Mobile Hong Kong Completes Strategic Share Acquisition in HKBN

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HKBN ( (HK:1310) ) just unveiled an announcement.

China Mobile Hong Kong Company Limited has completed the acquisition of shares in HKBN Ltd., marking a significant step in its strategic expansion. The transaction, finalized on May 7, 2025, results in China Mobile Hong Kong and its affiliates holding approximately 15.46% of HKBN’s total issued share capital, potentially impacting the competitive landscape and stakeholder interests in the telecommunications sector.

More about HKBN

YTD Price Performance: 0.59%

Average Trading Volume: 6,254,040

Technical Sentiment Signal: Hold

Current Market Cap: HK$7.57B

For a thorough assessment of 1310 stock, go to TipRanks’ Stock Analysis page.

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