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CHINA MOBILE Now Holds 70.7% Stake in HKBN, Said to Have No Plans for Privatization
Regarding the general offer proposed by China Mobile Hong Kong (CMHK) under CHINA MOBILE (00941.HK), HKBN (01310.HK) announced that CHINA MOBILE had received acceptances representi...
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CHINA MOBILE Now Holds 70.7% Stake in HKBN, Said to Have No Plans for Privatization
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Regarding the general offer proposed by China Mobile Hong Kong (CMHK) under CHINA MOBILE (00941.HK)  +0.250 (+0.313%)    Short selling $314.81M; Ratio 104.264%   , HKBN (01310.HK)  +0.040 (+0.513%)    Short selling $2.04M; Ratio 101.522%   announced that CHINA MOBILE had received acceptances representing 40.8% of its shares as of yesterday (3rd), the first deadline.

With its shareholding rising to 70.7%, CHINA MOBILE now has control over HKBN. However, sources revealed that CHINA MOBILE has no intention of privatizing HKBN. Instead, CHINA MOBILE will maintain HKBN's listed status and provide support for its financial improvements.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

Related News Huatai Securities Lowers China Mobile (00941.HK) TP to HKD94.4, Maintains 'Buy' Rating

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