[Today's focus]

Hong Kong Broadband (01310.HK) received a takeover offer from China Mobile at a premium of about 40.97% over the closing price on November 12

Hong Kong Broadband (01310.HK) issued an announcement. After the prerequisites are met or exempted, CICC will make a voluntary conditional full cash offer on behalf of the offender China Mobile Hong Kong Limited to acquire all issued shares (except those already owned by the offeror and those acting in concert with them), and make appropriate arrangements for all seller loan notes and those not yet belonging to restricted share units in accordance with Rule 13 of the Takeovers Code.

The price of the share offer was HK$5.23 in cash per share, a premium of approximately 40.97% over the closing price of HK$3.71 per share as reported on the Stock Exchange on November 12, 2024 (the uninterrupted date).

The offender was a limited company incorporated in Hong Kong on June 28, 1994. As of the date of this announcement, the offender is wholly owned by Fit Best Limited (a limited company incorporated in the British Virgin Islands), while Fit Best Limited is wholly owned by China Mobile.

The offender is mainly responsible for China Mobile's business operations in Hong Kong. Upon completion of the offer (if successful), the company will become an indirect subsidiary of China Mobile, which is dual listed on the Hong Kong and Shanghai Stock Exchanges. As of the date of this announcement, the Offeror intended for the Group to continue to operate its existing business, and the Company has no plans to make any significant changes to (a) the Group's business (including the reallocation of any fixed assets of the Group); or (b) continue to employ the Group's employees (other than in the normal course of business).

The reasons and benefits of making an offer: For shareholders, unlocking shareholder value at an attractive premium; a unique opportunity to fully realize investments with limited liquidity; and monetizing profits under current uncertain market conditions.

For the company's part, the offeror will support the company to strengthen its financial position by addressing key issues such as debt management and interest expenses; the offeror will use its industry-leading expertise and resources to enhance the company's competitive position and expand its market share.

[Important matters]

Hong Kong Broadband (01310.HK): Has received an initial non-binding offer from I Squared Asia Advisors Pte Ltd.

Binhai Investment (02886.HK) signed a strategic cooperation agreement with Huaneng Power Plant

Reishi Group (01327.HK) proposes a share capital restructuring

Qian Tang Holdings (01466.HK) plans to invest in Taihe Huamei to reach a strategic cooperation to develop a new drug called “KMHH-03” in mainland China

[Operational data]

Xiaopeng Motor-W (09868.HK) delivered a total of 30,895 smart electric vehicles in November, an increase of 54% year-on-year

[Pharmaceutical Innovation]

Fussen Pharmaceutical (01652.HK): Acetylcysteine effervescent tablets approved for marketing

Quanxin Bio-B (02509.HK): Supplementary application for QX001S (usinumab injection) for pediatric plaque psoriasis accepted

Kangzhe Pharmaceutical (00867.HK) obtained exclusive commercialization rights for Class 1 new drugs for the treatment of gout and hyperuricemia

Liankang Biotechnology Group (00690.HK): Recombinant Collagen Class II Medical Device Approved for Launch of Skin Care and Beauty Products

Shisi Pharmaceutical Group (02005.HK): Compound sodium acetate and glucose injection obtained drug production registration approval

[Acquisition and sale]

A consortium formed by China Resources Land (01109.HK) and CNOOC Enterprise Development won the right to use a plot of land in Nanshan, Shenzhen for 18.512 billion yuan

Chaoying International Holdings (02111.HK) plans to acquire land use rights in Vietnam's Nghe An Province for 28.66 million US dollars to be used to build a production center in Vietnam

Hehong Services (06093.HK) plans to acquire 30% of Sichuan Wansheng Property Service's shares for 65.4 million yuan

Baida International Holdings (01949.HK) plans to acquire a yacht for HK$15 million

[Issuance of additional shares]

Longsheng Group Holdings (06829.HK) consolidated shares on a “10 and 1” basis

Energy & Energy Global (01142.HK) proposes to issue US$0.4 billion convertible notes

[Increase or decrease holdings]

The controlling shareholders of Maanshan Iron & Steel Co., Ltd. (00323.HK) increased their holdings of A shares by 68.93 million and completed the plan to increase their holdings

[Repurchase Cancellation]

Tencent Holdings (00700.HK) spent HK$0.701 billion to buy back 1.76 million shares on December 2

Alibaba-W (09988.HK) spent $39.989 million to buy back 3.683 million shares on November 29th

AIA (01299.HK) spent HK$0.449 billion to buy back 7.72 million shares on December 2

SF Holdings (06936.HK) has cumulatively repurchased 20.77 million of the company's A shares

Follett Glass (06865.HK) has cumulatively repurchased 9.467 million A shares as of November 30, 2024

HSBC Holdings (00005.HK) spent HK$62.308 million to repurchase 0.86 million shares on November 29th

Standard Chartered Group (02888.HK) spent £5.266 million to buy back 0.5411 million shares on November 29th

KUAISHOU-W (01024.HK) spent HK$19.83 million to buy back 0.41 million shares on December 2

Prudential (02378.HK) spent £2.6997 million to buy back 0.4203 million shares on November 29th

China Petroleum & Chemical Co., Ltd. (00386.HK) spent HK$14.9836 million to repurchase 3.6 million shares on December 2

Pacific Shipping (02343.HK) spent HK$11.1204 million to buy back 6 million shares on December 2

Guangzhou Automobile Group (02238.HK) cancelled 41.95 million shares and repurchased shares on December 2