-- China-focused investment firm IDG Capital is exploring a buyout of HKBN Ltd., people with knowledge of the situation said, as the owners of the Hong Kong broadband service provider weigh their options for the company.IDG has sounded out financing plans for a potential offer for the Hong Kong-listed firm, one of the people said. HKBN has also drawn preliminary interest from Chinese companies including China Mobile Ltd., the people said.
IDG was founded in 1993 and its investment strategies include venture, growth and buyout, according to its website. Prior to Friday afternoon’s surge, HKBN’s shares had fallen 52% in the past 12 months, leaving the company with a market value of HK$3.1 billion, far from the 2020 high of HK$20 billion. That figure rose to HK$3.4 billion Friday.Statistics Canada to release GDP figures for March and Q1 today
PRICE OF THE OFFER: €15 per Believe share DURATION OF THE OFFER: 15 trading days The timetable for the simplified tender offer will be set out by the French Autorité des Marchés Financiers in accordance with the provisions of its general regulation. This press release was prepared by Upbeat BidCo and made available to the public pursuant to article 231-28 I of the general regulation of the AMF . Pursuant to article L.