Market Chatter: China Mobile Considering Purchase of Internet Company HKBN

MT NewswiresNov 19 03:19 ET

CICC: The proportion of hold positions in consumer stocks in Hong Kong for the third quarter of 2024 has increased significantly, with alibaba-W receiving much attention after its inclusion.

China International Capital Corporation released a research report stating that in Q3 2024, the total scale of public fund holdings in Hong Kong stocks has significantly increased, and the proportion of southbound transactions has also risen, but this is not due to active shareholding. In the segmented industry, alibaba-W entered the Hong Kong Stock Connect in September, and the holding ratio in the consumer discretionary sector has increased the most. At the same time, the new economy sectors such as consumer services, pharmaceuticals, and biotechnology also saw significant increases. On the individual stock level, alibaba-W (09988) has been quite favored after entering the connect, and public funds have also increased their holdings in technology leaders like Tencent (00700), while CNOOC (00883) and china mobile (00941) saw a noticeable decline. In terms of heavy holdings.

Sina Hong Kong StocksNov 19 02:03 ET

CICC: In Q3 24, the maximum increase in the proportion of optional consumer Hong Kong stock holdings, Alibaba-W (09988) is highly favored after its inclusion.

In Q3 2024, the total scale of public fund holdings in Hong Kong stocks rose significantly, and the proportion of southbound trading increased, but it was not an active shareholding.

Zhitong FinanceNov 19 01:00 ET

[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 NewsNov 18 19:46 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