HGC Global Communications Limited made a preliminary non-binding offer to acquire an unknown stake in HKBN Ltd. (SEHK : 1310) on March 2, 2023. Offer period has been commenced from March 2, 2023. As of April 2, 2023, the discussions and negotiations between the Board and the Potential Offeror are on-going and at a preliminary stage and the Board has not formed any view about the Possible Offer nor reached any formal or legally binding agreement with the Potential Offeror.

HGC Global Communications Limited terminated the acquisition of an unknown stake in HKBN Ltd. (SEHK : 1310) on June 13, 2023.