China Mobile Hong Kong acquired 14.44% of Hong Kong Broadband Network (01310) for HKD 1.084 billion, increasing its stake in the company to nearly 30%.

Capital Weekly app news, Hong Kong Broadband (01310) announced that China International Finance Hong Kong Securities Limited on behalf of the offeror China Mobile Hong Kong Limited has made a conditional voluntary full cash offer to acquire all issued shares of Hong Kong Broadband Limited (excluding those already owned by the offeror and its concert parties). On August 4, 2025, the offeror entered into a share purchase agreement with Twin Holding Ltd ("seller"), whereby the seller agreed to sell and the offeror agreed to buy 214 million shares (equivalent to approximately 14.44% of the total issued share capital of the company as of the announcement date) ("shares for sale") for a total consideration of HK$1.084 billion.