【It is reported that China Mobile is exploring the acquisition of Hong Kong Broadband, with a valuation exceeding HKD 6.5 billion】Jin Ten Data November 19th, according to informed sources, the world's largest wireless operator China Mobile has been in talks with Hong Kong Broadband's major shareholders, private equity firms MBK Partners and TPG Inc. regarding the acquisition. It is reported that China Mobile hinted at a willingness to offer at least HKD 5 per share, which would value the company at over HKD 6.5 billion (USD 835 million). China Mobile has conducted due diligence on the potential acquisition and is currently negotiating prices with MBK and TPG. They may insist on a higher valuation, and it is still uncertain whether both parties can reach an agreement. Hong Kong Broadband's stock price has risen 24% year-to-date, with a market capitalization of approximately HKD 5.7 billion. (Source: Jin Ten Data)