Edition:
United Kingdom

HKBN Ltd (1310.HK)

1310.HK on Hong Kong Stock

12.66HKD
19 Oct 2018
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HK$-0.02 (-0.16%)
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Volume
1,450,000
Avg. Vol
2,257,262
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HK$13.60
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Latest Key Developments (Source: Significant Developments)

HKBN Says Unit, MLCL To Acquire WTT Holding From TPG Wireman And Twin Holding For HK$5.49 Bln
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - HKBN Ltd <1310.HK>::UNIT, MLCL, TO ACQUIRE WTT HOLDING FROM TPG WIREMAN AND TWIN HOLDING FOR HK$5.49 BILLION.HK$3.55 BILLION OF CONSIDERATION TO BE SATISFIED BY ISSUANCE OF SHARES AND HK$1.94 BILLION TO BE SATISFIED BY ISSUANCE OF VENDOR LOAN NOTES.HK$1.77 BILLION OF CONSIDERATION TO BE SATISFIED BY ISSUANCE OF 153 MILLION SHARES TO TPG WIREMAN AT HK$11.60 PER SHARE.GROUP WILL ASSUME EXISTING INDEBTEDNESS OF WTT GROUP IN AMOUNT OF US$670 MILLION; OVERALL ENTERPRISE VALUE OF WTT GROUP OF ABOUT HK$10.49 BILLION.DEAL WILL RESULT IN CAPITAL EXPENDITURE SAVINGS FOR COMBINED CO OF ABOUT HK$60 MILLION ON AN ANNUALIZED BASIS.EXPECTS POST-ACQUISITION SYNERGY OF ABOUT 7 PERCENT TO 10 PERCENT OF COMBINED BUSINESS' CASH OPERATING EXPENSES ON ANNUALIZED BASIS.  Full Article

HKBN Posts H1 Profit For The Period Of Hk$240.9 Mln
Thursday, 19 Apr 2018 

April 19 (Reuters) - HKBN Ltd <1310.HK>::H1 REVENUE HK$1.87 BILLION, UP 22%.INTERIM DIVIDEND OF 26 CENTS PER SHARE.H1 PROFIT FOR THE PERIOD HK$240.9 MILLION VERSUS HK$46.0 MILLION.  Full Article

HKBN Ltd Says Server Containing Inactive Database Was Hacked
Wednesday, 18 Apr 2018 

April 18 (Reuters) - HKBN Ltd <1310.HK>::DISCOVERED AN UNAUTHORIZED ACCESS TO AN INACTIVE CUSTOMER DATABASE.GROUP IDENTIFIES THAT AN UNKNOWN PARTY HAS HACKED INTO A SERVER OF GROUP CONTAINING AN INACTIVE DATABASE.DATABASE CONTAINS INFORMATION OF SOME 380,000 CUSTOMER AND SERVICE APPLICANT RECORDS OF GROUP'S FIXED AND IDD SERVICES AS OF 2012.GROUP HAS IMPLEMENTED IMMEDIATE MEASURES TO PREVENT ANY FURTHER SIMILAR ATTACKS.IS NOT AWARE THAT ANY OF OTHER CUSTOMER DATABASES OF GROUP IS AFFECTED.EVENT WILL NOT HAVE ANY MATERIAL IMPACT ON GROUP'S BUSINESS AND OPERATION.INFORMATION INCLUDES NAME, EMAIL ADDRESS, IDENTITY CARD NUMBER AND SOME 43,000 CREDIT CARD INFORMATION AMONG OTHERS AS OF 2012.  Full Article

HKBN's FY‍ ‍profit for year down 30 pct
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Hkbn Ltd <1310.HK>:FY‍ revenue HK$3.23 billion, up 16 pct​.‍Recommendeds payment of final dividend of 23 cents per share​.FY ‍profit for year HK$171.1 million, down 30 percent​.  Full Article

Smartphone maker FIH Mobile's H1 loss widens on weaker demand in China

TAIPEI, Aug 10 Handset manufacturer FIH Mobile Ltd's first-half losses widened on Friday due to bleak demand from smartphone vendors and said it will closely monitor escalating Sino-U.S. trade tensions.