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Hong Kong broadband firm HKBN receives buyout offer from China Mobile

Hong Kong broadband firm HKBN receives buyout offer from China Mobile

FILE PHOTO: A sign of China Mobile is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song/File Photo

Hong Kong telecommunications company HKBN said on Wednesday it has received a non-binding proposal from state-owned China Mobile for a possible takeover of the broadband firm as China Mobile aims to bolster its foothold in Hong Kong.