Group 1 - China Mobile has agreed to sell approximately 3.24% of its shares to comply with the minimum public holding requirement of 25% for Hong Kong Broadband, ensuring sufficient public shareholding without significant adverse impact on operations [2] - The sale of shares is aimed at meeting regulatory requirements while supporting the long-term development goals of Hong Kong Broadband [2] - Following the recent completion of the tender offer, China Mobile Hong Kong has acquired a total of 78.08% of Hong Kong Broadband shares, becoming its largest shareholder [2] Group 2 - The integration of China Mobile Hong Kong's 5G network resources and cloud computing infrastructure with Hong Kong Broadband's telecom operations is expected to create synergies and enhance market share [2] - Hong Kong Broadband is anticipated to enter a new phase of telecom business development, focusing on providing one-stop service capabilities for enterprise digital transformation [2]

Core Viewpoint - Hong Kong Broadband (01310) shares have risen over 11%, currently trading at HKD 8.11 with a transaction volume of HKD 481 million, following China Mobile's announcement to sell approximately 3.24% of its shares to meet the minimum public holding requirement of 25% [1] Group 1: Company Actions - China Mobile has agreed to sell about 3.24% of its shares in Hong Kong Broadband to comply with regulatory requirements, ensuring sufficient public shareholding without significantly impacting operations [1] - The sale is aimed at supporting the long-term development goals of Hong Kong Broadband while improving its financial status and maximizing synergies between the two companies [1] Group 2: Market Impact - China Mobile has completed its tender offer for Hong Kong Broadband, acquiring a total of 78.08% of its 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's 5G network resources and cloud computing infrastructure [1] - The collaboration is anticipated to enhance Hong Kong Broadband's capabilities in providing one-stop services for enterprise digital transformation [1]

Core Viewpoint - Hong Kong Broadband (01310) experienced significant stock price volatility, initially surging over 68% before declining by more than 15% in the afternoon session, indicating market uncertainty following the announcement of a share offer by China Mobile [1] Group 1: Stock Performance - After a sharp increase, Hong Kong Broadband's stock reached a three-year high of 9.41 HKD before falling to 7.3 HKD, reflecting a drop of 15.41% [1] - The trading volume was substantial, with a turnover of 1.507 billion HKD [1] Group 2: Share Offer Details - The share offer from China Mobile and Hong Kong Broadband is set to close on September 17, 2025, without any revisions or extensions [1] - The offer has received valid acceptances for 713 million shares, representing approximately 48.18% of the total issued shares [1] - Alongside shares acquired through TPG and MBK agreements, China Mobile and its concert parties now hold 1.154 billion shares, accounting for about 78.08% of the total issued shares [1] Group 3: Strategic Implications - With China Mobile becoming the largest shareholder of Hong Kong Broadband, the company is expected to enter a new phase of telecom business development [1] - The integration of China Mobile's 5G network resources and cloud computing infrastructure with Hong Kong Broadband's operations is anticipated to create synergies and enhance its capabilities in providing one-stop services for enterprise digital transformation [1]