Lates News

On the evening of September 21, Hong Kong Broadband announced on the Hong Kong Stock Exchange that the company was informed by China Mobile Hong Kong Limited (CMHK) that, in accordance with Listing Rule 8.08(1), CMHK had entered into a binding placement arrangement with the placement agent on September 19, 2025. According to this arrangement, CMHK agreed to sell and the placement agent agreed to place 47.925 million shares of the company's existing shares to a third party independent of the company. The placement shares represent approximately 3.24% of the total issued shares of the company as of the date of this announcement. The company expects the placement to be completed on September 24, 2025. The company anticipates that the placement will not have any significant adverse impact on the operations of the group. As of the date of this announcement, the company does not comply with the minimum public shareholding requirement of 25% as set out in Listing Rule 8.08(1).