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Stock impact report

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

TPG Inc. - Class A (TPG) 
owners of the Hong Kong broadband service provider weigh their options for the company. Most Read from Bloomberg 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. ADVERTISEMENT 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 familiar with the matter have said. Read More: HKBN's Owners Said to Revive Deal Options for Broadband Firm Deliberations are ongoing and may not result in a deal, the people said, asking not to be identified discussing confidential information. HKBN, IDG, China Mobile didn't immediately respon Show less Read more
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