智通财经网·2025-09-23 05:13Group 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]