HKBN (HKG:1310) has set up an independent board committee to assess China Mobile's (HKG:0941, SHA:600941) proposed takeover of the Hong Kong broadband company, according to a Monday filing with the Hong Kong bourse.
The committee will evaluate whether the offer is fair and reasonable, the filing said.
The formation of the independent committee could add more uncertainties to the stalled deal, The Standard reported separately.
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