Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
HKBN Seeks $4B Refinancing Loan: Rumor
Recommend 8 Positive 10 Negative 6 |
||||
|
||||
|
HKBN (01310.HK) is in discussions with banks to seek a $4 billion refinancing loan for a term of five years, which is expected to refinance a $5.5 billion loan due in March 2026, according to foreign media. The transaction details are still being negotiated. HKBN will also utilize certain parts of the $6.75 billion quota from January 2025, insiders said. In addition, China Mobile Hong Kong (CMHK) is advancing its acquisition of HKBN. According to a circular sent to shareholders, CMHK launched a full acquisition offer yesterday, and HKBN is expected to issue a response document by 20 August at the latest. The first deadline for accepting the share offer is 4 pm on 3 September, with the final deadline at 4 pm on 17 September. If the compulsory acquisition level is reached, the earliest date for sending the compulsory acquisition notice is 6 December. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
