HK Stock Market Move | HKBN (01310) surged over 20% in the afternoon, with China Mobile Hong Kong completing a tender offer acquisition last month.

HKBN (01310) rose more than 20% in the afternoon, reaching a 19.52% increase with a price of 7.47 Hong Kong dollars and a trading volume of 4.68 billion Hong Kong dollars as of the time of writing. On the news front, on September 17, China Mobile Limited Hong Kong officially completed the tender offer acquisition of HKBN Limited, acquiring a total of 78.08% of HKBN's shares, involving a transaction size of approximately 5.9 billion Hong Kong dollars, ultimately gaining control of HKBN. After the transaction, HKBN will become an indirect subsidiary of China Mobile Limited, but its existing business structure, employee team, and fixed assets will remain unchanged. According to the WeChat official account of "YonSuite" by UFIDA, UFIDA partners with HKBN Enterprise Solutions to provide digital solutions for Hong Kong enterprises. Through UFIDA's YonSuite platform, enterprises can integrate core functions such as finance, human resources, and supply chain, achieve seamless integration of data flow and business processes, and improve operational efficiency. This move aims to help enterprises address the issue of system silos, achieve digital transformation, and lay a solid data foundation for the AI era.