Deals
HKBN Confirms Potential Offer From I Squared’s HGC
- I Squared states interest in a non-binding letter to HKBN
- HKBN board will engage in further talks; No final decision
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HKBN Ltd. confirmed private equity firm I Squared Capital has expressed interest in the Hong Kong telecommunications provider that could involve a possible offer for the company.
The board of HKBN has received a preliminary non-binding letter from I Squared stating its interest in pursuing a transaction involving a potential offer, through HGC Global Communications Ltd., according to an exchange filing on Thursday, confirming an earlier Bloomberg News report.