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HKBN: CMHK's Stake Reduced to 74.84%, Still Not Meeting Public Float Requirement
HKBN (01310.HK) announced that its controlling shareholder, China Mobile Hong Kong (CMHK), had placed 47.925 million existing HKBN shares (around 3.24% of HKBN's total issued s...
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HKBN: CMHK's Stake Reduced to 74.84%, Still Not Meeting Public Float Requirement
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HKBN (01310.HK)  +0.240 (+3.187%)    Short selling $1.96M; Ratio 0.188%   announced that its controlling shareholder, China Mobile Hong Kong (CMHK), had placed 47.925 million existing HKBN shares (around 3.24% of HKBN's total issued shares), with completion expected this Wednesday (24th). The placement is not expected to have any material adverse effect on the operations of the group.

Upon completion, CMHK's stake will decrease from 78.08% to 74.84%, while public shareholders will hold around 22.89% stake. However, HKBN still doesn't meet the minimum public float requirement of 25% as set out in the Listing Rules.

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HKBN and CMHK will take appropriate steps to ensure that sufficient public float exists in HKBN's shares as soon as practicable.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-24 16:25.)

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