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HKBN receives takeover proposal from U.S. firm I Squared Capital, shares trading halted.
Hong Kong telecom company HKBN has received a non-binding takeover proposal from U.S. private equity firm I Squared Capital, following a previous acquisition offer from China Mobile.
Details of the financial terms are undisclosed, and discussions between HKBN and I Squared Capital are ongoing.
HKBN's shares are currently halted, with an application to resume trading pending.
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HKBN recibe propuesta de adquisición de la firma estadounidense I Squared Capital, el comercio de acciones se detuvo.