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]