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Stock impact report

IDG Considers Offer for Hong Kong Broadband Firm HKBN [Yahoo! Finance]

TPG Inc. - Class A (TPG) 
Company Research Source: Yahoo! Finance
owners of the Hong Kong broadband service provider weigh their options for the company. Most Read from Bloomberg Donald Trump Becomes First Former US President Guilty of Crimes South Africa Election Results With 29% Voting Districts In Trump Is Guilty on All Counts in Hush-Money Case. Now What? World's Largest Nuclear Plant Sits Idle While Energy Needs Soar Insurers Sink as UnitedHealth Sees ‘Disturbance' in Medicaid IDG has sounded out financing plans for a potential offer for the Hong Kong-listed telecommunications firm, one of the people said. HKBN has also drawn preliminary interest from Chinese companies including China Mobile Ltd., the people said. HKBN's shareholders include private equity firms MBK Partners and TPG Inc., which have revived a strategic review with the aim of reducing their holding in the company, Bloomberg News reported in March. Considerations include going private, bringing in new investors or raising cash through some of HKBN's assets, people Show less Read more
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