值得注意的是，香港宽频的股价自11月以来累计上涨近50%。从市值来看，从11月初的47.23亿港元升至目前的67.42亿港元。① What is China Mobile's takeover proposal? ② Are other competitors involved in this acquisition?
Financial Services Association, December 3 (Editor: Wu Ka-wing) The recent trend of broadband in Hong Kong (01310.HK) continues to attract market attention. As of press release, it rose 5.76% to close at HK$5.14.
Note: Hong Kong broadband performance since November
It is worth noting that the stock price of Hong Kong Broadband has accumulated a cumulative increase of nearly 50% since November. In terms of market capitalization, it has risen from HK$4.723 billion at the beginning of November to HK$6.742 billion now.
According to public information, Hong Kong Broadband mainly provides broadband network services, covering most areas of Hong Kong, providing Internet access services for residential and commercial customers.
The recent rise in Hong Kong Broadband's stock price is closely related to its ongoing takeover. According to reports, China Mobile intends to purchase its holdings from the major shareholders of Hong Kong Broadband at a price of at least HK$5 per share. Additionally, other equity investment companies are also considering buying shares, but the deal is yet to be finalized.
Afterwards, on the 20th, Hong Kong Broadband issued an announcement stating that it had received a non-binding proposal from China Mobile Hong Kong Limited, indicating that it might make a cash purchase offer to acquire all of the company's issued common shares (other than the company's issued shares already owned by the potential offender and its co-actors).
Note: November 20 announcement
Notably, Hong Kong Broadband suddenly announced the suspension of trading in early trading on the 2nd of this month until 4 p.m., stating that it had received an unbinding preliminary intention from Global Telecom (HGC) shareholder I Squared Asia Advisors Pte Ltd., indicating that it intended to acquire 100% of the company's issued shares; in addition, China Mobile proposed a takeover at HK$5.23 per share, a 7.61% premium over the closing price on November 29.
Note: Global Telecom's announcement
Note: China Mobile's announcement on the 2nd of this month
According to public information, Global Telecom Limited (HGC) is a leading Hong Kong and international telecommunications fixed line service operator, with extensive network coverage and infrastructure in Hong Kong and international markets.