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Hong Kong Telco HKBN Sale Stalls on Market Volatility

  • Market conditions pose challenges to financing arrangement
  • Sale could resume when sentiment improves, according to people

A sale of Hong Kong telecommunications provider HKBN Ltd. has stalled as potential buyers expressed concerns over valuation amid market volatility, according to people familiar with the matter.

Challenges in securing financing have also diminished the prospects of a transaction, said the people, who asked not to be identified as the discussions are private. While the deal has been put on hold for now, it could resume once conditions improve, the people said.