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Hong Kong Broadband (01310.HK) rose 10% in the afternoon. China Mobile (00941.HK) is considering privatization
“Reuters” quoted people familiar with the matter as saying that China Mobile (00941.HK) had issued proposals to a small number of banks in recent weeks seeking opinions on the acquisition and privatization of Hong Kong Broadband ( 01310.HK). Hong Kong Broadband’s current valuation to $1 billion. “Bloomberg News Agency” quoted sources earlier …
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