Chanjet Renews Connected Transaction Framework for Data Services with Unicredit

The latest announcement is out from Chanjet Information Technology Co., Ltd. Class H ( (HK:1588) ).

Chanjet Information Technology has renewed its corporate information collection and processing technology services relationship with Unicredit Company, signing a new three-year framework agreement under which the group will continue to supply Unicredit Group with its data collection and big data application products and services from 1 January 2026 to 31 December 2028. Because Chanjet’s controlling shareholder Yonyou holds a 30% equity interest in Unicredit Company, the deal is classified as a continuing connected transaction under Hong Kong Listing Rules; however, as the relevant percentage ratios fall between 0.1% and 5%, the arrangement is subject only to reporting, announcement and annual review requirements and is exempt from independent shareholders’ approval, indicating a modest but ongoing revenue stream and operational partnership without triggering higher-level governance hurdles.

The most recent analyst rating on (HK:1588) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Chanjet Information Technology Co., Ltd. Class H stock, see the HK:1588 Stock Forecast page.

More about Chanjet Information Technology Co., Ltd. Class H

Chanjet Information Technology Company Limited is a PRC-incorporated software and technology services provider, focused on corporate information collection, data processing and big data application products and services. Listed in Hong Kong, the company serves enterprise clients, leveraging technology solutions to support digital operations and information management needs within the corporate sector.

Average Trading Volume: 87,854

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.44B

See more data about 1588 stock on TipRanks’ Stock Analysis page.