Reported 3 days ago
I Squared Capital has made a non-binding offer for HKBN Ltd., competing with a previous bid from China Mobile, indicating a potential bidding war for the broadband provider. The proposed offer from I Squared is reportedly in the range of HK$5 to HK$6 per share, slightly surpassing China Mobile's offer. Meanwhile, trading of HKBN shares has been temporarily halted pending further announcements about the takeover process.
Source: YAHOO