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HKBN ( (HK:1310) ) has issued an update.
HKBN Ltd. announced the signing of a facility agreement with a syndicate of banks for a term loan facility amounting to HK$10.75 billion, maturing 364 days after the initial drawdown, with options for extensions. The agreement includes a clause allowing lenders to demand repayment if China Mobile Hong Kong Company Limited, the controlling shareholder, reduces its stake below 50%, potentially impacting HKBN’s financial stability and shareholder dynamics.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on HKBN stock, see the HK:1310 Stock Forecast page.
More about HKBN
HKBN Ltd. is a telecommunications company incorporated in the Cayman Islands, primarily offering broadband internet, data connectivity, and telecommunications services. The company operates within the Hong Kong market and is significantly influenced by its controlling shareholder, China Mobile Hong Kong Company Limited.
YTD Price Performance: 41.64%
Average Trading Volume: 31,175,986
Technical Sentiment Signal: Buy
Current Market Cap: HK$10.34B
For a thorough assessment of 1310 stock, go to TipRanks’ Stock Analysis page.