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HKBN CEO: Biz Largely Immune from Geopolitical & Tariff Issues
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William Yeung, Co-Owner, Executive Vice Chairman, and CEO of HKBN (01310.HK), stated that the group is resilient to setback, with its industry minimally affected by global geopolitical tensions and tariff wars. He noted that commercial clients are largely unaffected, with only about 5% of HKBN’s customers engaged in import-export businesses, and just 6.5% of those exporting to the U.S., resulting in a potential impact on only approximately 0.3% of its customer base. Regarding TPG Wireman’s proposed sale of approximately 15% of HKBN’s shares to China Mobile Hong Kong, Yeung said the transaction is still in progress and has not yet been completed. As it involves shareholder-level dealings, he refrained from commenting further but emphasized that the board is still in discussions with both China Mobile Hong Kong and I Squared Capital, though no mutually agreed plan reached yet. AAStocks Financial News |
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