China Mobile Hong Kong has obtained approval from the State-Owned Assets Supervision and Administration Commission of the State Council for the HKBN deal, according to an HKEX filing.
- Says “making very positive progress” with relevant authorities, with a view to satisfying pre-conditions as soon as possible
- Actively engaging with other Chinese authorities, including the National Development and Reform Commission and the Ministry of Commerce, and Hong Kong’s Communications Authority
- NOTE:
HKBN Evaluating Options, I Squared Offer Subject to Own Approval HKBN’s CEO Says China Mobile Takeover Offer Undervalues Firm
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