[Stock Connect] According to reports, china mobile (00941) plans to buy shares from the major shareholder of hkbn (01310) at 5 Hong Kong dollars per share.

Jingu Financial News | According to reports citing sources, China Mobile (00941) is willing to offer at least HK$5 per share to the major shareholders of HKBN (01310) for acquisition of their holdings, which would result in the company valuation exceeding HK$6.5 billion. Insiders pointed out that China Mobile has conducted due diligence on the potential acquisition, and is currently negotiating the acquisition price with the major shareholders of HKBN. The acquisition price may increase, but both parties are not certain to reach an agreement. HKBN is suspended today.

Jinwu Financial News19:46 ET

Capital Flow | Beishui aggressively sold tracker fund of hong kong for over 5.7 billion Hong Kong dollars, continuously increasing positions in Tencent by over 4 billion Hong Kong dollars for 4 consecutive days.

Track the latest trends of southbound funds.

Gelonghui FinanceNov 15 05:29 ET

China Mobile in Talks to Buy Hong Kong Tower Seized From Tycoon

BNN BloombergNov 15 01:29 ET

Hong Kong stock movement | china united network communications (00762) rose nearly 6% in the afternoon, leading the three major operators. Research on 6G technology standards will commence in June next year.

The three major telecom operators surged in the afternoon. As of the time of publication, china united network communications (00762) rose by 5.86% to HKD 6.87; china telecom (00728) increased by 2.99% to HKD 4.48; and china mobile (00941) went up by 1.94% to HKD 71.

Zhitong FinanceNov 15 00:36 ET

Tianfeng: New AI momentum drives industry growth acceleration, bullish on the communication industry to continue high prosperity and accelerate growth each quarter.

In terms of net income, the overall net income of communications equipment in Q3 2024 increased by 18% year-on-year, a significant reversal compared to the -16% in Q3 2023, reflecting a rapid recovery in industry profitability amid the transition between old and new driving forces.

Zhitong FinanceNov 14 18:40 ET

Hong Kong stock concept tracking | Major bullish news! The global 6G innovative development cooperation initiative has been released. Institutions are bullish on the development of the 6G hardware industry chain (with concept stocks attached).

Galaxy Securities research reports pointed out that the 2024 Global 6G Development Conference opened successfully, and the development of 6G is gradually picking up speed.

Zhitong FinanceNov 14 18:31 ET