China Mobile Hong Kong Company Limited has announced the acquisition of 213,570,097 shares in HKBN Ltd. from Twin Holding Ltd, amounting to approximately 14.44% of HKBN's entire issued share capital. This follows a share purchase agreement between China Mobile Hong Kong and Twin Holding. This acquisition is part of a broader voluntary general cash offer by China Mobile Hong Kong to acquire all issued shares of HKBN not already owned by them or parties acting in concert. China International Capital Corporation Hong Kong Securities Limited is acting as the financial advisor for this transaction.
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