Group 1 - China Mobile Hong Kong has completed a tender offer for Hong Kong Broadband, acquiring a total of 78.08% of its shares [3] - Following the acquisition, the controlling shareholder, China Mobile Hong Kong, will reduce its stake to 74.84% by placing 47.925 million existing shares, while public ownership will be approximately 22.89% [3] - Hong Kong Broadband does not meet the minimum public float requirement of 25% as per listing rules, prompting both the company and China Mobile Hong Kong to take measures to ensure sufficient public shareholding [3] Group 2 - China Mobile has no intention of privatizing Hong Kong Broadband and aims to maintain its listing status, supporting the company in improving its financial condition [3] - The merger is expected to help Hong Kong Broadband secure better financing conditions and repay debts, potentially reducing interest expenses by up to 600 to 700 million HKD annually [3] - China Mobile intends to leverage its industry expertise to enhance Hong Kong Broadband's competitive position and expand market share, maximizing synergies for long-term value for shareholders [4]

Group 1 - Hong Kong's Hang Seng Index fell by 0.97%, down 254 points, while the Hang Seng Tech Index dropped by 2.2% with a trading volume of 165.2 billion HKD in the morning session [1] - Congo has extended its cobalt export ban, leading to a rise of over 8.9% in the stock price of Liqin Resources (02245) [1] - Cloudwise Technology (01037) surged by 79% due to potential collaboration with UBTECH [1] - Kaizhile International (02122) saw a more than 12% increase after partnering with Pokémon IP to enter the collectible card game market [1] - HuiLiang Technology (01860) rose nearly 4.76% to a new high, driven by rapid growth from its smart bidding products, with institutions optimistic about the company's growth potential [1] - Shanggao Holdings (00412) increased by over 14%, maintaining normal business operations and announcing a buyback plan of up to 100 million USD [1] - Dazhong Public Utilities (01635) rose by 6.6%, with the company holding shares in Shenzhen Capital Group, and Moer Thread's IPO on the Sci-Tech Innovation Board is set to be reviewed [1] - Datang Gold (08299) surged over 20% in the morning after raising over 270 million HKD through a placement, with the controlling shareholder of Wanguo Gold Group becoming the second-largest shareholder [1] - Hong Kong Broadband (01310) rebounded over 17%, as its controlling shareholder, China Mobile Hong Kong, plans to place existing shares, and the company aims to meet public holding requirements promptly [1] - Solar stocks collectively declined, with institutions indicating that domestic polysilicon prices remain high and the supply-demand relationship in the industry has not significantly improved. New Special Energy (01799) fell by 4.18%, Flat Glass Group (06865) dropped by 4%, Xinyi Solar (00968) decreased by 2.6%, and Xinyi Energy (03868) fell by 3% [1] Group 2 - Airline stocks collectively declined due to unexpectedly weak demand for public transportation during the summer travel season, with institutions suggesting to monitor the sustainability of public transport recovery and avoid excessive competition. China Southern Airlines (01055) fell by 4.93%, Air China (00753) dropped by 3.98%, and China Eastern Airlines (00670) decreased by 2.27% [2]

Core Viewpoint - Hong Kong Broadband (01310) has rebounded over 13% following the announcement that its controlling shareholder, China Mobile Hong Kong, plans to place existing shares to reduce its stake from 78.08% to 74.84% [1] Group 1: Company Actions - China Mobile Hong Kong has completed a takeover of Hong Kong Broadband, acquiring a total of 78.08% of its shares [1] - The company announced a placement of 47.925 million existing shares, which will decrease the controlling stake and increase public shareholding to approximately 22.89% [1] - Hong Kong Broadband has not yet met the minimum public float requirement of 25% as per listing rules, and both the company and China Mobile Hong Kong will take necessary measures to ensure compliance [1] Group 2: Financial Implications - The merger is expected to improve Hong Kong Broadband's financial situation, allowing for better financing conditions and debt repayment [1] - It is projected that the company could save between 600 million to 700 million HKD in interest expenses annually, benefiting its long-term development [1] Group 3: Strategic Intent - China Mobile intends to maintain Hong Kong Broadband's listing status and support its operational improvements [1] - The strategy includes leveraging industry expertise to enhance Hong Kong Broadband's competitive position and market share, maximizing synergies for long-term shareholder value [1]

消息面上，中国移动（600941）香港此前完成对香港宽频的要约收购，合计取得香港宽频78.08%的股 份。香港宽频近日公布，控股股东中移香港配售4,792.5万股公司现有股份，将持股比例由78.08%降至 74.84%，公众人士持股约22.89%。然而，公司仍未符合上市规则所载25%之最低公众持股量规定。公司 及中移香港将采取适当措施，以确保公司股份在切实可行情况下尽快存在足够公众持股量。 香港宽频(01310)反弹逾13%，截至发稿，涨14.62%，报7.35港元，成交额5.27亿港元。 此前有报道称，中移动无意将香港宽频私有化，将维持香港宽频的上市地位，支持香港宽频改善财务状 况，合并后可助香港宽频获得更优惠的融资条件及偿还债务，预计每年减轻高达6亿至7亿元的利息支 出，有利香港宽频长远发展。中移动有意利用其行业领先的专长及优势来增强香港宽频的竞争地位，并 扩大市场占有率，把协同效应最大化，最终能为一直支持香港宽频的股东带来中长远价值。 ...

Core Insights - The article highlights significant changes in the stock holdings of various companies in the Hong Kong Stock Connect, with notable increases and decreases in ownership percentages [1][2]. Group 1: Companies with Increased Holdings - Yihua Tong (02402) saw the largest increase in stock holdings, rising by 14.82% to a total holding of 24.14% [2]. - Hong Kong Broadband (01310) experienced a 4.71% increase, bringing its holding to 4.99% [2]. - Dongfang Electric (01072) had a 2.17% increase, resulting in a holding of 39.16% [2]. - Other companies with notable increases include Beijing Machinery (00187) (+1.99%, 53.15%), and East Jiang Environmental Protection (00895) (+1.69%, 43.93%) [2]. Group 2: Companies with Decreased Holdings - Longpan Technology (02465) faced the largest decrease, with a drop of 3.69% to a holding of 47.77% [2]. - Shandong Molong (00568) saw a decrease of 1.44%, resulting in a holding of 53.78% [2]. - Da Zhong Public Utilities (01635) decreased by 1.39%, with a holding of 33.57% [2]. - Other companies with significant decreases include Huahong Semiconductor (01347) (-1.16%, 23.26%) and Jintian Copper (-1.10%, 24.66%) [2]. Group 3: Five-Day Changes in Holdings - Over the last five trading days, Yihua Tong (02402) had the highest increase of 14.99%, maintaining a holding of 24.14% [3]. - Tongyuan Kang Pharmaceutical-B (02410) increased by 7.60%, reaching a holding of 24.20% [3]. - Changfei Optical Fiber (06869) rose by 7.41%, with a holding of 69.80% [3]. - Companies with notable decreases include Shandong Molong (00568) (-3.89%, 53.78%) and Baiguoyuan Group (02411) (-3.55%, 9.28%) [3]. Group 4: Twenty-Day Changes in Holdings - In the last twenty days, Yihua Tong (02402) increased by 14.87%, holding at 24.14% [4]. - Changfei Optical Fiber (06869) saw a rise of 13.73%, maintaining a holding of 69.80% [4]. - Zhongyuan Marine Energy (01138) increased by 12.27%, with a holding of 68.92% [4].

Core Viewpoint - Hong Kong Broadband Network (01310) experienced a significant drop in stock price following the announcement of a share placement by its controlling shareholder, China Mobile Hong Kong, which reduced its stake from 78.08% to 74.84% [1] Group 1: Stock Performance - The stock price of Hong Kong Broadband fell over 10% in early trading, and as of the report, it was down 6.18% at HKD 6.22, with a trading volume of HKD 613 million [1] Group 2: Share Placement Details - China Mobile Hong Kong placed 47.925 million existing shares of Hong Kong Broadband, representing approximately 3.24% of the total issued shares [1] - Following the placement, public ownership increased to approximately 22.89%, but the company still does not meet the minimum public float requirement of 25% as per listing rules [1] Group 3: Acquisition and Future Prospects - Recently, China Mobile completed its offer to acquire Hong Kong Broadband, securing a total of 78.08% of the shares, making it the largest shareholder [1] - Analysts expect that China Mobile will integrate its 5G network resources and cloud computing infrastructure with Hong Kong Broadband's telecom operations, creating synergies and enhancing the company's capabilities in providing one-stop services for enterprise digital transformation [1]

Market Updates - UBTECH (09880) rose over 4% after signing a global strategic cooperation agreement with Cloud Intelligence Technology on September 21, with initial orders expected to be fulfilled [1] - Changfei Fiber Optics (06869) fell over 2% as shareholders reduced their holdings by a total of 10% in H-shares, with no significant impact on financial data from the hollow-core fiber [1] - Gold stocks mostly increased, with Lingbao Gold (03330) up over 4%, Zhaojin Mining (01818) up over 3%, China Silver Group (00815) up over 4%, and Shandong Gold (01787) up over 3%. The Federal Reserve's interest rate cut is expected to support a fluctuating upward trend in gold prices [1] - Yihuatong (02402) surged over 18% after partnering with Toyota to establish a fuel cell company and announcing the termination of the acquisition of Xuyang Hydrogen Energy [1] - WuXi AppTec (02268) increased over 6% after finalizing a subscription agreement that will raise WuXi Biologics' stake to over 50% [1] - Hong Kong Broadband (01310) dropped over 3% after announcing a share placement by its controlling shareholder, China Mobile Hong Kong, to restore public shareholding [1] - Huiju Technology (01729) rose over 10% following a strategic cooperation agreement with OpenAI to develop a revolutionary AI device for consumers [1] Shipping Sector - Shipping stocks experienced significant declines, with China Merchants Energy (01138) down over 6%, Seaspan (01308) down over 5%, Orient Overseas International (00316) down over 4%, and China Merchants Industry Holdings (01919) down over 4%. The Shanghai Shipping Exchange reported weak demand for Chinese export container transport, leading to continued adjustments in ocean freight rates [2] US Market Highlights - Pony.ai (PONY.US) increased by 18.55% as the CFO announced expectations to achieve key profit targets by early 2026 [3] - FedEx (FDX.US) rose 2.32% with projected revenue growth of up to 6% this year, exceeding analyst forecasts [3] - JD.com (JD.US) saw a 0.86% increase, with the iPhone 17 series achieving record sales within the first minute of pre-sale [3] - XPeng Motors (XPEV.US) rose 1.74%, reporting a 137% year-on-year increase in overseas deliveries from January to August [3] - ZTO Express (ZTO.US) fell 0.96%, with analysts noting a significant rebound in express delivery prices in August [3] - WeRide (WRD.US) surged 10.23% after its autonomous bus Robobus received Belgium's first federal-level L4 autonomous driving test license [3] - Tesla (TSLA.US) rose 2.21% as Baird upgraded its rating to "outperform," with expectations for significant stock price increases [4] - Apple (AAPL.US) increased by 3.20% following the successful launch of the iPhone 17 series on September 19 [4] - Quantum Song (QSG.US) rose 13.22%, with the chairman announcing a focus on the trendy toy sector [4]

Group 1 - Hong Kong Broadband (01310) experienced a significant drop in stock price, falling over 10% in early trading and currently down 6.18% at HKD 6.22, with a trading volume of HKD 613 million [1] - The controlling shareholder, China Mobile Hong Kong, placed 47.925 million existing shares, representing approximately 3.24% of the total issued shares, reducing its stake from 78.08% to 74.84%, while public ownership stands at about 22.89% [1] - The company does not meet the minimum public float requirement of 25% as per listing rules, and both the company and China Mobile Hong Kong will take appropriate measures to ensure sufficient public float as soon as feasible [1] Group 2 - China Mobile Hong Kong has completed its takeover bid for Hong Kong Broadband, acquiring a total of 78.08% of the shares, making it the largest shareholder [1] - This acquisition is expected to usher Hong Kong Broadband into a new phase of telecom business development, integrating China Mobile Hong Kong's 5G network resources and cloud computing infrastructure with Hong Kong Broadband's telecom operations [1] - The anticipated synergy aims to enhance Hong Kong Broadband's capabilities in providing one-stop services for enterprise digital transformation [1]

香港宽频(01310)再跌超7%，近两个交易日已回落28%。截至发稿，跌7.39%，报6.14港元，成交额5.75 亿港元。 消息面上，香港宽频9月21日公布，获控股股东中国移动（600941）香港告知，为恢复公众持股量，已 于9月19日与配售代理订立具约束力之配售安排，中移香港经配售代理配售4792.5万股予独立第三方之 承配人，配售股份占已发行股份总数约3.24%。该集团知悉，预期配售事项将于9月24日完成，预计配 售事项将不会对营运产生任何重大不利影响。 于公告日期，中移香港连同其一致行动人士持有约78.08%股权，有关配售事项完成，预期中移香港持 股降至约74.84%。该集团指，于昨日，公众人士持有约22.89%股权，并不符合上市规则第8.08(1)条所 载25%的最低公众持股量规定。该集团及中移香港将采取措施，以确保该集团股份尽快存在足够公众持 股量。 ...

消息面上，香港宽频9月21日公布，获控股股东中国移动香港告知，为恢复公众持股量，已于9月19日与 配售代理订立具约束力之配售安排，中移香港经配售代理配售4792.5万股予独立第三方之承配人，配售 股份占已发行股份总数约3.24%。该集团知悉，预期配售事项将于9月24日完成，预计配售事项将不会 对营运产生任何重大不利影响。 于公告日期，中移香港连同其一致行动人士持有约78.08%股权，有关配售事项完成，预期中移香港持 股降至约74.84%。该集团指，于昨日，公众人士持有约22.89%股权，并不符合上市规则第8.08(1)条所 载25%的最低公众持股量规定。该集团及中移香港将采取措施，以确保该集团股份尽快存在足够公众持 股量。 智通财经APP获悉，香港宽频(01310)再跌超7%，近两个交易日已回落28%。截至发稿，跌7.39%，报 6.14港元，成交额5.75亿港元。 ...