Reported 3 months ago
HKBN's CEO, William Yeung, has stated that China Mobile's HK$7.8 billion offer for the broadband operator, which translates to HK$5.23 per share, is inadequate and does not represent the company's growth or capital investments. Yeung is open to discussions with additional bidders to ensure the best outcome for shareholders, emphasizing that HKBN is actively considering various options beyond the current offers.
Source: YAHOO