Understanding the Market | HKBN retraces over 15% after soaring over 68% yesterday, China Mobile Hong Kong's offer to acquire equity rises to 78.08%
I'm PortAI, I can summarize articles.
HKBN's stock price experienced significant fluctuations, soaring over 68% yesterday, and then rising more than 8% in the morning to reach HKD 9.41, a three-year high. However, in the afternoon, the decline expanded by over 15%, and as of the time of writing, it has dropped 15.41% to HKD 7.3. China Mobile Hong Kong's share offer has accepted 713 million shares, increasing its holding ratio to 78.08%, making it the largest shareholder. It is expected to integrate 5G network and cloud computing resources to promote the development of HKBN's telecommunications business
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments