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The 642.87 million China Mobile shares are being offered at 79.2 Hong Kong dollars ($10.20) to 80 Hong Kong dollars, according to terms obtained by Bloomberg News.
In a statement explaining the postponement, Royal KPN said, "Discussions with a potential strategic partner could have a material effect on the business of KPN Mobile, and consequently be of importance to an investor in KPN Mobile shares".
"The government wants to balance the telecom industry instead of having just one dominant player," said Teresa Chow, who helps manage $1.1 billion at RBC Investment Management Asia in Hong Kong, including China Mobile shares.
China Mobile shares picked up 2.3%, to 72.75 Hong Kong dollars ($9.38).
China Mobile shares also rebounded, by 3.6%, to 79.70 Hong Kong dollars ($10.26).
China Mobile shares 1.1%, to 93.30 Hong Kong dollars ($11.95), ahead of its own results.
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