Hong Kong’s HKBN to Get $1 Billion Buyout Offer from HGC, Sources Say
- HGC, owned by I Squared Capital, has lodged an offer for HKBN
- A sale of HKBN was held off last year on market volatility
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Hong Kong telecommunications provider HKBN Ltd. has received a takeover offer from HGC Global Communications Ltd. that could value the company at more than $1 billion, according to people familiar with the matter.
HGC, owned by private equity firm I Squared Capital, has lodged an offer for the Hong Kong-listed company, said the people, who asked not to be identified as the information is private.