bullish
HKBN (1310 HK): MBK Ups Stake Via VLN Conversion
939 Views17 Mar 2025 06:15
Speculation is rife that MBK provides an irrevocable to I Squared for its enlarged shareholding. Maybe. I still don't see China supporting a U.S.-based infrastructure firm over an SOE
What is covered in the Full Insight:
- Introduction of MBK's Stake Increase
- China Mobile's Offer for HKBN
- I Squared's Potential Bid
- Regulatory and Security Concerns
- HKBN's Market Position and Valuation
Boomeranged on Thu, 3 Apr 2025 16:06
In its monthly update, HKBN mentions I Squared has finished DD and is finalising a possible pre-con offer. IF I Squared does make a higher firm Offer (doubtful in my view), I don't expect China Mobile to bump terms until I Squared has secured the necessary approvals. In this current environment, how welcome is a US-listed entity taking over a sensitive telco asset? Not welcome would be my guess.
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