Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
HKBN Once Spikes 8%+ on Resumption after Receiving Non-binding Proposals from CMHK
Recommend 12 Positive 21 Negative 13 |
||||
|
||||
|
Trading in the shares of HKBN (01310.HK) resumed this morning (20th). It peaked at $4.94 after opening 12.3% higher. It last posted at $4.66, up 8.12%, with 16.832 million shares traded, involving $80.6877 million. The Company announced that the Board received non-binding proposals from China Mobile Hong Kong in relation to a possible cash offer to acquire all of the issued ordinary shares of the Company. So far, the Company and China Mobile Hong Kong are still in discussions on the terms of these proposals, including the price. According to previous hearsay, China Mobile was willing to acquire the shares of HKBN's substantial shareholders at a minimum of $5 per share. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
