Hong Kong's HKBN said on Tuesday it had ended buyout talks with I Squared Asia Advisors, the parent company of internet service provider HGC Global Communications.The telecom company had in March confirmed that it had received a non-binding letter of interest from I Squared, but did not disclose an offer
Hong Kong's HKBN said on Tuesday it had ended buyout talks with I Squared Asia Advisors, the parent company of internet service provider HGC Global Communications.
The telecom company had in March confirmed that it had received a non-binding letter of interest from I Squared, but did not disclose an offer price or any other details. HKBN, which offers broadband network and Wi-Fi services, has also attracted interest from other firms.HKBN currently has a market capitalisation of HK$6.69 billion . Its stock is down nearly 9 per cent since the talks were revealed on March 2.
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