Group 1 - The stock price of China Mobile on August 4 was 108.12 CNY, with a slight increase of 0.04% compared to the previous trading day. The intraday high was 108.37 CNY and the low was 107.77 CNY, with a trading volume of 996 million CNY [1] - China Mobile is a leading telecommunications service provider in China, offering mobile communication, wired broadband, and other digital services. The company has a nationwide presence and plays a crucial role in telecommunications infrastructure and 5G network deployment [1] - Recently, China Mobile Hong Kong Limited acquired 14.44% of Hong Kong Broadband for 1.0839 billion HKD, increasing its stake to 29.9% and becoming the largest shareholder. This follows a previous acquisition of 10.39% in April, marking a significant move in the Hong Kong telecommunications market [1] Group 2 - On August 4, the net inflow of main funds into China Mobile was 125 million CNY, while there was a net outflow of 146 million CNY over the past five days [2]

Core Viewpoint - China Mobile Hong Kong has entered into a share purchase agreement to acquire approximately 14.44% of HKBN's total issued share capital, increasing its stake to 29.9% after the transaction is completed [1][8] Group 1: Acquisition Details - China Mobile Hong Kong will purchase approximately 213.6 million shares at a price of HKD 5.075 per share, totaling HKD 1.0839 billion [1] - Following the acquisition, China Mobile Hong Kong will become the largest shareholder of HKBN, surpassing its previous position as the second-largest shareholder [8] Group 2: Shareholder Structure - Before the acquisition, China Mobile Hong Kong held 15.46% of HKBN's shares, which will increase to 29.9% post-transaction [2] - Other significant shareholders include Canada Pension Plan Investment Board with 12.33% and GIC Private Limited with 6.28% [2] Group 3: Competitive Landscape - HKBN is a major telecommunications operator in Hong Kong, providing ICT services including fiber broadband and data center facilities [2] - HGC Global Communications, a competitor of HKBN, has also shown interest in acquiring HKBN, indicating a competitive bidding environment [4][6] Group 4: Regulatory Approvals - China Mobile Hong Kong received necessary approvals from various regulatory bodies, including the State-owned Assets Supervision and Administration Commission, before proceeding with the acquisition [8]