HKBN (1310 HK): China Mobile's Offer Now Open
On the 1st August, HKBN Ltd (1310 HK) announced China Mobile (941 HK) had satisfied all pre-cons. The Offer Doc is now out.
The First Close is the 3rd September with payment potentially on or around the 12th September - if the Offer turns unconditional on the First Close.
There is no IFA opinion in this Doc. That will be present in the Response Doc, which is expected to be dispatched on or before the 20th August.
The NEW News
The Offer Doc is out, with a first close 28 days later, or 3rd September.
A Response Doc is expected to be issued within 14 days of the Offer Doc, or the 20th August.
This Response Doc will include a report from Somerley Capital, the independent financial advisor.
The indicative timetable is as below:
Keep reading with a 7-day free trial
Subscribe to Hong Kong/China M&A/Events to keep reading this post and get 7 days of free access to the full post archives.