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Chengdu Putian Telecommunications Cable Co., Ltd. Class H ( (HK:1202) ) has issued an update.
Chengdu SIWI Science and Technology Company Limited has issued a supplemental announcement clarifying the nature of its continuing connected transactions under a suite of sales and purchase framework agreements with various research institutes and related parties. The company explains that, although all the agreements relate broadly to optical and electronic communication, the products and services involved are fundamentally different in composition, technical performance and application, ranging from optical device products like fibre loops and modules, to optical cable assemblies, G652D single-mode optical fibre, stable phase and coaxial cables, high-temperature wires and bespoke microwave-focused optical components. This delineation of product functions and uses appears aimed at addressing aggregation considerations for connected transactions, offering investors and regulators greater transparency on how these deals fit into the company’s operations and mitigating concerns over concentration or overlap in related-party dealings.
The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.
More about Chengdu Putian Telecommunications Cable Co., Ltd. Class H
Chengdu SIWI Science and Technology Company Limited is a sino-foreign joint stock company in the optical and electronic communications sector, supplying optical devices, optical fibre products, cable assemblies and related components used in telecommunications, data centres and various high- and low-frequency signal transmission applications. Through its subsidiaries, it provides specialised products such as single-mode optical fibre, customised optical components and high-temperature cables tailored for infrastructure and microwave-specific uses.
YTD Price Performance: 6.74%
Average Trading Volume: 71,023
Technical Sentiment Signal: Buy
Current Market Cap: HK$380M
Learn more about 1202 stock on TipRanks’ Stock Analysis page.