Brief: HKBN Says It Got Preliminary Non-Binding Letter Of Interest From I Squared Asia Advisors

HKBN

02/03/2023 04:33

March 2 (Reuters) - HKBN Ltd  1310.HK :
    * NOTED RECENT UNUSUAL MOVEMENT IN PRICE AND TRADING VOLUME
OF
SHARES OF COMPANY
    * NOTED MEDIA REPORTS ABOUT A POSSIBLE OFFER WITH RESPECT TO
COMPANY
    * HAS RECEIVED A PRELIMINARY NON-BINDING LETTER OF INTEREST
FROM I
SQUARED ASIA ADVISORS
    * INTENDS TO ENGAGE IN FURTHER DISCUSSIONS WITH POTENTIAL
OFFEROR
    * AS AT MARCH 2, HAS NOT FORMED ANY VIEW ABOUT POSSIBLE
OFFER NOR
REACHED ANY AGREEMENT WITH POSSIBLE OFFEROR
    * APPLICATION MADE FOR RESUMPTION OF TRADING IN SHARES FROM
1 P.M.
ON 2 MARCH

Further company coverage:  1310.HK 

 ((Reuters.Briefs@thomsonreuters.com;))