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High Interest Rates Thwart Leading Hong Kong Broadband Company Earnings
Monday, October 9, 2023 - 3:25pm | 531Hong Kong Broadband Network (HKBN Ltd.), Hong Kong’s second-largest telecommunications provider, issued a profit warning Monday, saying that its earnings had swung into losses as a result of rising interest rates. HKBD said that it expected to make a HK$1.3 billion ($167 million) loss for the...