Hong Kong telco jumps on takeover interest from infrastructure investor
By
Biju Kumar
Shares of Hong Kong telco HKBN Ltd rose as much as 6% on Thursday after it confirmed it had received takeover interest from infrastructure investor I Squared Asia Advisors.
HKBN said it received a non-binding letter of interest from the infrastructure investor, which owns HGC Global Communications, in which I Squared Asia Advisors said it was considering making an offer for HKBN.