HKBN (01310) has received an unsolicited proposal from China Mobile Limited in Hong Kong, which may include a cash takeover offer.

HKBN (01310) issues announcement. The Board clarifies media reports and notifies shareholders and potential investors that the Board has received an unsolicited indicative proposal from China Mobile Limited Hong Kong Limited (the potential offeror) stating that they may make a cash takeover offer (possible offer) to acquire all issued ordinary shares of the Company (excluding those already held by the potential offeror and its concert parties). As of the date of this announcement, the Company and the potential offeror are still discussing the terms of the proposal (including price). In addition, the Company has applied to the Stock Exchange for the resumption of trading in the Company's shares on the Stock Exchange from 9:00 am on November 20, 2024.